債券一問

stephanieching

本人希望替囡兒報請以下學校, 請問是否可買債卷, 公司提名權又是什麼 ?  本人不太清楚 , 請問可否指教一下

加拿大國際學校
漢基
弘立
Hong Kong International School

judymama

公司名義買的债券可提名員工子女入讀、另一條隊。

judymama

上述幾間，除弦立外，比较多是大公司高層子女才能入讀、尤其hkis.

lsm0113

From what I know, there's a waitlist just for purchasing the HKIS debenture

shadeslayer

I like schools that let you buy debenture "after" they decided to offer a place and you do not have to wait.

judymama

有外国員工在港工作的公司，會持有一些国際學校债券可享提名權優先入讀。有此福利的員工可於報學校時向公司申請此提名權。

FennieMan

以我知加拿大國際，漢基，HKIS就算要買債券，waiting list都好長。

yokada

請問CIS / SIS/ HKIS債卷是向学校買吗？定係2nd hand market?

21Ckid

回復 stephanieching 的帖子

This is what i know:

加拿大國際: debenture no longer transferrable in 2nd hand market, so forget it.

漢基: same as above, however, CIS may issue corporate nomination rights, but i guess only to big corporations. If you need to come to this blog, i guess like others here, you are not high enough in the echelon.

弘立: available in 2nd hand market at about HK$5 million. I doubt if there has been any trading, and the sum is too much. And the school, though popular among rich people, has yet to prove itself.

HKIS: No 2nd hand market. But you can apply directly to the school and be put on a waiting list currently about 10 years at HK$2 million. You simply fax the form to them at no cost, and reconfirm your interest every year.

HKTHK

回復 21Ckid 的帖子

ISF debenture is around $6 mil now

21Ckid

I need to correct my info regarding CIS above. The debentures are still transferable, sort of.  After the school announced recalling all debentures some years ago, many holders were disgruntled, facing millions in losses. Then the school agreed as a compromise that the debentures to have a remaining shelf live of 10 years (from purchase date?), then redeemed at par.

So you can still buy CIS debentures in secondary market, but they will having different shelf lives, will kind of depreciate with time. As i heard those with 5 years remaining quoting at $3m +, and those with 2 years remaining at $2m +. Very expensive indeed. You pay $2m for the 2 years, and if couldn't get in, then a few months had past you lost few hundred K at least!

But still as before, school will vet background of tranferee and they prefer listed companies or very big or prominent MNCs. Most BK parents wouldn't qualify.

21Ckid

That said, the holders, measured from the peak market value of $8m, still faces huge losses, though not total (almost total) loss.

If ISF trades at $6m+, if CIS still have unlimited life span, must worth well over $10m.

shadeslayer

$6M or $10m are just one form of debenture that gives you highest priority.  Schools typically have other types of debenture which are much cheaper with lower priority. Usually not all students pay these expensive debentures.