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GCL TECH (03800.HK) Issues USD148M Convertible Bonds Due 2027 at 6.95% Interest
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GCL TECH (03800.HK) announced that it has issued convertible bonds due 2027 with an aggregate principal amount of USD148 million, carrying an annual interest rate of 6.95%. The initial conversion price is HKD1.21, representing a premium of 27.37% over today's (29th) closing price. The new shares to be issued upon full conversion will account for 2.8% of the enlarged share capital. Net proceeds amount to USD145 million, which are intended to be used for debt repayment and general corporate purposes. (de/d) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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