trending Market Intelligence /marketintelligence/en/news-insights/trending/3oni7pn2xdgfkuitomsv2g2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

C&D International plans HK$3B perpetual convertible bond issuance

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

C&D International plans HK$3B perpetual convertible bond issuance

C&D International Investment Group Ltd. plans to issue an approximately HK$3.00 billion perpetual convertible bond to repay loans from shareholders.

Under the terms of a Sept. 7 deal, the Chinese property developer conditionally agreed to issue the bond to Well Land International Ltd., a controlling shareholder of the company.

The bond will be issued at 100% of its principal amount, with a per-share initial conversion price and distribution rate set at HK$8.50 and 4.25% per annum, respectively.

Upon the full conversion of the bond, the company will issue up to 352,941,176 shares, representing about 48.03% of C&D International's issued share capital, as of Sept. 7.

C&D International said it will seek shareholder approval for the proposed issuance at a forthcoming extraordinary general meeting.