The Deutsche Bank-led issue saw healthy demand even though the share price has more than doubled from the S$0.62 initial public offering price, which allowed the $22 million upsize option to be exercised immediately. At the final $150 million size, the bond issue accounted for about 16% of the company and was twice the size of the earlier IPO.
According to a source, more than 60 investors participated in the deal which was offered with a fixed conversion premium of 45% above...
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