China Nickel launches CB exchange offer

The manufacturer of nickel and stainless steel products is offering to exchange outstanding convertible bonds with a redemption value of about $225 million into a combination of high-yield bonds, new CBs and cash.

<div style="text-align: left;"> China Nickel Resources operates two production mills in Zhengzhou, Henan Province </div>

Anette Jönsson

May 10, 2012

Hong Kong-listed China Nickel Resources has made an offer to the holders of its outstanding convertible bonds to exchange them into a combination of new CBs and high-yield bonds as it seeks to make its upcoming cash payments more manageable.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].