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Banyan Tree posts Q1 loss, to raise S$50.4m in convertible bonds

The two-year bonds, which carry a coupon of 7.5% per annum, can be converted into shares at S$0.25 apiece

Vivienne Tay

Published Fri, May 15, 2020 · 09:50 PM

Singapore

BANYAN Tree Holdings is proposing a renounceable and non-underwritten rights issue of convertible bonds to raise S$50.4 million.

This comes as the hospitality group reported a net loss of S$3.4 million for the first quarter ended March 31, overturning a profit of S$5.2 million in the same period last year.

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Companies & Markets

Companies & Markets

Banyan Tree posts Q1 loss, to raise S$50.4m in convertible bonds

Vivienne Tay

KEYWORDS IN THIS ARTICLE

Companies & Markets

Singapore stocks rise, tracking regional bourses; STI up 0.3%

Boosted by name brand beers, Carlsberg sees higher sales

JPMorgan promotes about 150 in Asia, EMEA to managing director

Brokers’ take: Analysts upgrade iFast’s rating on higher growth expectations

Stellantis misses forecasts with 12% revenue drop in Q1, sees stronger H2

L'Occitane's billionaire owner Geiger to take firm private in US$1.8 billion deal

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