ISF $2M Capital Note

hayleyyorkshire

ISF出左$2M Capital Note ，實左太瘋狂喇！香港咩都炒，股票炒，樓巿又炒，家下連學校既Capital Note都升得咁快。佢地學校好似無耐之前ＤCapital Note先$1.6M.

究竟係用錢黎

hayleyyorkshire

ISF出左$2M Capital Note ，實左太瘋狂喇！香港咩都炒，股票炒，樓巿又炒，家下連學校既Capital Note都升得咁快。佢地學校好似無耐之前ＤCapital Note先$1.6M.

究竟係用錢黎

hayleyyorkshire

ISF出左$2M Capital Note ，實左太瘋狂喇！香港咩都炒，股票炒，樓巿又炒，家下連學校既Capital Note都升得咁快。佢地學校好似無耐之前ＤCapital Note先$1.6M.究竟係用錢黎

delusionist

It is really crazy. When I checked three months ago, CIS's debenture was trading at HK$3.6m! And I was told that HKIS is going to allocate 20 nomination rights to an international bank for $70m! HK is a crazy place.

KWOKS

Is there only one category that each student must pay this amount?

原帖由 hayleyyorkshire 於 10-4-23 17:43 發表
ISF出左$2M Capital Note ，實左太瘋狂喇！香港咩都炒，股票炒，樓巿又炒，家下連學校既Capital Note都升得咁快。佢地學校好似無耐之前ＤCapital Note先$1.6M.究竟係用錢黎 ...

tamm

原帖由 KWOKS 於 10-4-23 21:04 發表
Is there only one category that each student must pay this amount?

It looks like it is only one of the three ways.  Here is from the ISF website.


The Capital Contribution Scheme was established by The Independent Schools Foundation to allow the Board to access funds for capital improvements such as new buildings and equipment, as well as enhancements to the school environment.   Each new student is required to join the Scheme and pay a capital contribution within the stipulated deadline of the Acceptance Letter in one of the three ways described below.
I.     The General Capital Levy
The General Capital Levy for 2010/11 academic year is a one-off lump sum of HK$200,000. It is non-interest bearing and refundable (less any outstanding fees or costs incurred by the student) to the Contributor six years after the commencement date of the academic year or three months after the date on which the Nominee ceases to be a student of any school operated by the Foundation, whichever date is the later.
II.     The Annual Capital Levy   

Students joining us in 2010/11,who choose this scheme will pay a levy of HK$45,000 for the first year and $30,000 per year for second and subsequent years. It is non-interest bearing, non-transferable and non-refundable and subject to annual adjustment at the discretion of The ISF Academy.
III. The Capital Note

A new tranche of Capital Notes with a face value of HK$2,000,000 (the face value is subject to change for further launches) was launched in April 2010.  A Capital Notes is non-interest bearing, non-refundable but fully transferable one year after the date of issuance of the Capital Note Certificate or three months after the date on which the Nominee ceases to be a student of The ISF Academy, whichever is later.
         
The transfer price of the Capital Note will be determined by the Noteholder and the transferee of the Capital Note, subject to approval of The Independent Schools Foundation and upon payment of a transfer fee to the school. In addition, any profit derived from the transfer of the Capital Note will be shared between the Noteholder and the school on an equal basis.

liyinfai

General Capital Levy is $200000
ok la.

Hedgies

Actually, I just checked.. CIS and ISF debentures are quoted at HK$4MM and HK$2MM, respectively..

I think it is difficult to say if the debentures have increased too fast or not.. at the end of the day, this is a free market, and the prices are driven by demand and supply.. as long as the number of IS seats is limited and the demand from parents (partly the very wealthy PRC families) keep increasing, I cant see the prices go anywhere but up and up..

It is just like what the HK government has said, well it is true that the prices of luxury apartments have gone up a lot, there is still a large number of cheaper apartments available for the general society....

josephian

would anyone know where/how to purchase these ISF capital notes and how to know what price they should be trading at?

Hedgies

You may register your interest with the school.  Depending on the availability of the Cap Note, they may issue one to you or put you on their waiting list.

They issued a round of new Cap Notes probably 1-2 months ago at HK$3MM.  Not sure if the new Notes have been sold, but no harm for you to check with the school.

Separately, you may look to the membership trading firms.. the quoted price is around HK$3mm but heard that there are many more buyers than sellers on the secondary market.

Hope this info will help..

Riesling

Sorry, I don't understand. You mentioned that CIS debenture was traded 3.6M 3 mths ago, what does it mean to me if I apply that school? I should only pay what the school web site requires about the school fee and other fees, right? As they don't mention something like 3.6M debenture......Pls. explain more, thx!

cty77

Same question here!

原帖由 Riesling 於 11-1-30 22:50 發表
Sorry, I don't understand. You mentioned that CIS debenture was traded 3.6M 3 mths ago, what does it mean to me if I apply that school? I should only pay what the school web site requires about the sc ...