EVE Search - Kwint Industries 60-Day Bond Issue, Dutch Auction

All Channels

Market Discussions

Kwint Industries 60-Day Bond Issue, Dutch Auction

» Click here to find additional results for this topic using Google

Monitor this thread via RSS [?]

Pages: [1] 2 3 :: one page
Author	Thread Statistics \| Show CCP posts - 0 post(s)
Kwint Sommer Caldari XERCORE	Posted - 2009.03.01 04:44:00 - [1] As thought the market hasnÆt been crazy enough lately with the reactor exploit and BoB vanishing, a big patch is coming up and with it comes added volatility and thus opportunity for profit. Kwint Industries would accordingly like to have a little extra cash on hand. After all, thereÆs nothing quite like liquidity. To that end, IÆm offering a 10B, 60-day bond. The rate will be paid along with the principle at the end of the bond, given this, no in-game shares will be issued. The rate will be set by Dutch Auction. The funds will be included with Kwint Industries operating capital and are fully insured by my name and assets. Kwint Industries has held 30B in public capital via some rather old, in-game bonds paying 1.25% weekly. Those do not have a formal expiration date and will be in circulation until at least May, at which point I will re-evaluate. This bond is completely distinct from those. This bond is not transferable or resalable and ends 05/02/09. How does a Dutch Auction work? Everyone bids the lowest interest rate they are willing to pay and the highest of the accepted bids is given to everyone. For example, the bids are: 2B @ 12.1% 5B @ 12% 4B @ 11.5% 4B@ 11.2% 3B @ 10.9% The lowest two get 3B and 4B at 11.5% and the guy who bid 11.5 gets 3B at 11.5%. The other guys donÆt get anything as their bids were not accepted. Kwint Industries Dutch Auction: Total capital sought: 10B Increment: 100M Opening Rate: 14% Increment: .1% Auction Closing: 03/02/09 23:00 (EvE Time) Length: cash due 03/03/09, full pay out 05/02/09 To the moderators, dutch auctions of this sort belong in this forum and have been here for a very long time. Think of it as a debate about the minimum rate the market will accept for Kwint Industries' Bonds.
Namco Balls of Steel	Posted - 2009.03.01 04:53:00 - [2] Alrighty, I'll start this one off.. 1B @ 14%
Frenden Dax Dax Acquisitions	Posted - 2009.03.01 05:25:00 - [3] 2b @ 14%
Kitchie Gallente Kitchie's Logistics and Marketing Corp	Posted - 2009.03.01 05:49:00 - [4] I'm reading that as 14% over the two months, so approx 7% a month, right?
cosmoray Cosmoray Construction	Posted - 2009.03.01 05:54:00 - [5] yes
Frenden Dax Dax Acquisitions	Posted - 2009.03.01 05:57:00 - [6] Originally by: cosmoray yes Glad you clarified that. I thought it was 14% a month. :P My bid still stands, but hopefully knowing that it's only 7% a month will stop some fool from going "10b at 5%".
Brock Nelson Caldari Flux Technologies Inc	Posted - 2009.03.01 06:46:00 - [7] I thought about it Blueprint Store
Kwint Sommer Caldari XERCORE	Posted - 2009.03.01 06:53:00 - [8] Edited by: Kwint Sommer on 01/03/2009 06:55:21 Originally by: Frenden Dax Originally by: cosmoray yes Glad you clarified that. I thought it was 14% a month. :P My bid still stands, but hopefully knowing that it's only 7% a month will stop some fool from going "10b at 5%". Yes, it's per 60 days. In all honesty I wouldn't be surprised to see a legitimate 5% bid but we shall see. To be honest, this is partially an attempt to gauge the state of the market. I'd like to know just how low I could go with a longer-term fixed rate bond.
cosmoray Cosmoray Construction	Posted - 2009.03.01 06:55:00 - [9] Edited by: cosmoray on 01/03/2009 06:55:20 Ray is at 4.5% per month I am at 4.8% per month Shar is under 4% per month It should end up under 5% per month. I would bid but seeing as my cost of capital is 4.8%, I won't make any money on this!
Frenden Dax Dax Acquisitions	Posted - 2009.03.01 06:55:00 - [10] Nothing's wrong with 5%... monthly. 5% per 60 days though... I'd have some issues with that.
Kwint Sommer Caldari XERCORE	Posted - 2009.03.01 06:57:00 - [11] Originally by: Frenden Dax Nothing's wrong with 5%... monthly. 5% per 60 days though... I'd have some issues with that. Ya, that didn't come out anywhere near what I was thinking, I blame the Scotch....the post has been edited. Originally by: cosmoray I would bid but seeing as my cost of capital is 4.8%, I won't make any money on this! The thought is appreciated none the less.
Raskor Crossflow Enterprises	Posted - 2009.03.01 07:47:00 - [12] 500m isk @ 8% minimum (4%/month)
Nick Turing	Posted - 2009.03.01 10:16:00 - [13] Edited by: Nick Turing on 01/03/2009 10:16:43 500m @ 14% 500m @ 10% If the OP doesn't keep a sorted list and status somewhere, this is going to get really hard to track really quickly.
MilowFV Echo Heavy Industries	Posted - 2009.03.01 11:06:00 - [14] 1 Billion @ 10% (5%/month).
flakeys Tier 3 Technologies Inc Lazy is our middle name	Posted - 2009.03.01 11:19:00 - [15] Gonna sit this one out till tomorrow evening to see where we are heading.
Ricdic Caldari	Posted - 2009.03.01 11:29:00 - [16] I will bid 1b at 0%
Nick Turing	Posted - 2009.03.01 12:17:00 - [17] Just to satisfy my own curiosity, here's the bids so far (I'll keep it updated in case the OP doesn't): Ricdic: 1B @ 0%(!) Raskor: 500M @ 8% Nick Turing: 500M @ 10% MilowFV: 1B @ 10% Namco: 1B @ 14% Frenden Dax: 1B @ 14% Nick Turing: 500M @ 14% --- Total: 5.5B @ 14% --- I do quite like this method for setting the price for an offering, though I think it would be easier to track in a spreadsheet.
Murixo M. Corp Mostly Harmless	Posted - 2009.03.01 14:35:00 - [18] 5b @ 10%
Roarke Grasby Gallente Blacksteel Mining and Manufacturing	Posted - 2009.03.01 16:05:00 - [19] I bid 2b at 10%.
Kazzac Elentria	Posted - 2009.03.01 20:05:00 - [20] 1b at 8%
Shaktar V Legion	Posted - 2009.03.01 22:22:00 - [21] 2b 10%
Power Trader247	Posted - 2009.03.01 23:18:00 - [22] 1 bil at 9.9%
Ulecese Ihatalo Research and Development Ihatalo Cartel	Posted - 2009.03.01 23:22:00 - [23] 10b @ 9% ------------------------------------ IHATALO CARTEL'S IGB T2 SHOP - Tech2 IGB shop EVE GAMING - API Secure IGB
Power Trader247	Posted - 2009.03.01 23:35:00 - [24] Originally by: Ulecese 10b @ 9% lol ******. you have to be below all current low bids to bid the whole thing. and right now ricdic has 1 bil at 0% so... learn how to bid.
Raskor Crossflow Enterprises	Posted - 2009.03.01 23:41:00 - [25] Originally by: Kwint Sommer How does a Dutch Auction work? Everyone bids the lowest interest rate they are willing to pay and the highest of the accepted bids is given to everyone. For example, the bids are: 2B @ 12.1% 5B @ 12% 4B @ 11.5% 4B@ 11.2% 3B @ 10.9% The lowest two get 3B and 4B at 11.5% and the guy who bid 11.5 gets 3B at 11.5%. The other guys donÆt get anything as their bids were not accepted. I like the concept of a dutch auction, but your example doesn't address a typical scenario. Suppose it were to shake out like this. Also assume the bids were received in this same order: Player A, then B, ... Player A offers 500m @ 10% Player B offers 5000m @ 10% Player C offers 1000m @ 9% Player D offers 8000m @ 8% How would the funding be distributed?
Ulecese Ihatalo Research and Development Ihatalo Cartel	Posted - 2009.03.01 23:43:00 - [26] Originally by: Power Trader247 Originally by: Ulecese 10b @ 9% lol ******. you have to be below all current low bids to bid the whole thing. and right now ricdic has 1 bil at 0% so... learn how to bid. I know how to bid, the bid I made was meant to cover all those that are not below 9%.... Call it lazyness if you will but since there is no list at the top of the thread I could not be bothered working out all other bids. ------------------------------------ IHATALO CARTEL'S IGB T2 SHOP - Tech2 IGB shop EVE GAMING - API Secure IGB
Raskor Crossflow Enterprises	Posted - 2009.03.01 23:44:00 - [27] Edited by: Raskor on 01/03/2009 23:44:43 Edit: Removed
Power Trader247	Posted - 2009.03.02 00:09:00 - [28] Originally by: Ulecese Originally by: Power Trader247 Originally by: Ulecese 10b @ 9% lol ******. you have to be below all current low bids to bid the whole thing. and right now ricdic has 1 bil at 0% so... learn how to bid. I know how to bid, the bid I made was meant to cover all those that are not below 9%.... Call it lazyness if you will but since there is no list at the top of the thread I could not be bothered working out all other bids. ok, well I dont think that should count if you cant spend the 5 minutes to figure out what youre bidding but its not up to me, so 1 bil at 8.9% please
Roarke Grasby Gallente Blacksteel Mining and Manufacturing	Posted - 2009.03.02 00:14:00 - [29] I'd like to change my bid from 2b at 10% to 2b at 8.9%
Athias	Posted - 2009.03.02 00:14:00 - [30] I like Ricdic's strategy, so 500M @ 0%

Pages: [1] 2 3 :: one page
First page \| Previous page \| Next page \| Last page

COPYRIGHT NOTICE
EVE Online, the EVE logo, EVE and all associated logos and designs are the intellectual property of CCP hf. All artwork, screenshots, characters, vehicles, storylines, world facts or other recognizable features of the intellectual property relating to these trademarks are likewise the intellectual property of CCP hf. EVE Online and the EVE logo are the registered trademarks of CCP hf. All rights are reserved worldwide. All other trademarks are the property of their respective owners. CCP hf. has granted permission to EVE-Search.com to use EVE Online and all associated logos and designs for promotional and information purposes on its website but does not endorse, and is not in any way affiliated with, EVE-Search.com. CCP is in no way responsible for the content on or functioning of this website, nor can it be liable for any damage arising from the use of this website.