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Published Thu, Jan 31, 2019 · 09:50 PM
Clearbridge Health
INTEGRATED healthcare company Clearbridge Health is looking to raise S$11 million through a convertible bond issuance to seize acquisition opportunities for medical clinics and centres and laboratories in South-east Asia.
On Thursday, Clearbridge said that it has signed a subscription agreement to issue S$11 million in bonds. The bonds will bear an interest of 7 per cent per annum, and are convertible by bondholders into new shares any time during the three-year tenure at a conversion price of S$0.28 per conversion share.
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