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OSIM plans S$200m convertible bonds
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Nisha Ramchandani
Published Tue, Aug 26, 2014 · 10:00 PM
LIFESTYLE products group OSIM International is planning to issue up to S$200 million in five-year convertible bonds.
The principal amount includes an upsize option of S$50 million.
The zero-coupon convertible bonds due 2019 have a conversion price of S$3.525-S$3.737. This represents a conversion premium of 25-32.5 per cent to Tuesday's closing price of S$2.82 per share.
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