golden-eagle-issues-convertible-six-months-after-its-ipo

Golden Eagle issues convertible six months after its IPO

The company becomes the second in two days to issue a CB at fixed terms and with a re-offer range.
Golden Eagle Retail Group has raised another HK$1 billion $129 million for acquisitions and working capital by selling five-year convertible bonds with a three-year put only six months after completing its $206 million Hong Kong IPO.

The sale was arranged by ABN AMRO Rothschild and came only a week after the IPO lock-up ended, suggesting the China-based department store operator may have some funding needs in the near future. ABN was also one of the two bookrunners for the IPO together with Goldbond Securities.

The transaction was the third Asian CB in two days and like the deal brought by Hynix Semiconductor, the Golden Eagle bonds were launched at fixed terms and with...
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