Thursday, May 14, 2015

CapitaLand's proposed S$650m convertible bond issue fully placed

CapitaLand's proposed S$650m convertible bond issue fully placed

CAPITALAND on Friday announced that its proposed issue of S$650 million in principal amount of convertible bonds has been fully placed to institutional and accredited investors.
The number of new shares to be allotted and issued by the company, pursuant to the full conversion of the convertible bonds, is 130,784,708, based on the conversion price of S$4.97 and assuming no adjustments to the conversion price as well as no exercise of the upsize option.
This comes a day after the proposed issue was announced to refinance the company's existing indebtedness and for working capital.
The company has the upsize option of an additional S$150 million in principal amount of convertible bonds granted in favour of J.P. Morgan, the sole bookrunner, lead manager and underwriter for the issue of the convertible bonds, which shall be exercisable on or before June 30, 2015.
On Thursday, CapitaLand's counter had closed trading up one cent at S$3.55.

No comments:

Post a Comment

728 X 90

336 x 280

300 X 250

320 X 100

300 X600