SUBSCRIBERS
CapitaLand to buy back S$1.7b worth of convertible bonds
Published Thu, May 14, 2015 · 09:50 PM
Singapore
CAPITALAND has commenced a tender to buy back S$1.69 billion worth of outstanding convertible bonds, to be funded by a proposed issuance of new convertible bonds of up to S$800 million as well as internal cash resources.
The new convertible bonds of S$650 million come with an upsize option to raise another S$150 million that shall be exercisable on or before June 30.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
S&P slashes Boeing credit outlook as rating hovers above junk status
Honda to spend US$11 billion on EV strategy in Canada
GlaxoSmithKline sues Pfizer and BioNTech over Covid-19 vaccine technology
Mapletree Industrial Trust Q4 DPU rises 0.9% to S$0.0336
Nasdaq’s profit falls as shaky economy keeps IPO revival elusive
iFast Q1 net profit surges on ePension unit performance