LionGold restructures US$17m convertible bonds due last month
It also proposes new issue of up to S$100m of 2.5% redeemable convertible bonds due 2018
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Kalpana Rashiwala
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Singapore
LIONGOLD Corp has over the weekend announced a restructuring of US$17 million of existing convertible bonds that were due last month. In addition it has proposed a new issue of up to S$100 million principal amount of 2.5 per cent redeemable convertible bonds due 2018.
The holder of the existing convertible bonds as well as the subscriber for the new bonds are different sub-funds of Premier Equity Fund, managed by Value Capital Asset Management Pte Ltd. The Singapore-incorporated fund management company is registered with the Monetary Authority of Singapore.
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