Goldman Sachs buys CBs with warrants in Geely

Goldman Sachs will pay up to $334 million for convertible bonds with warrants that could give it a 15.1% stake in the auto company.

Goldman Sachs will invest up to HK$2.59 billion $334 million in convertible bonds with warrants of Hong Kong-listed Geely Automobile Holdings. Yesterday Geely released details of the proposed investment by Goldman Sachs in its equity, confirming a deal which has been speculated in newspapers since Monday.

Geely will raise up to HK$2.59 billion from the issue of convertible bonds with attached warrants, assuming all the warrants are exercised. Goldman Sachs will own 12.1% of Geely upon...

To continue reading, please login or register for free

Click for more on: goldman sachs | geely | cbs | convertible bonds | warrants | finance | asia

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...