Natsteel Electronics in share placement ahead of US listing

The Singapore government gives local favourite Natsteel a helping hand in the run-up to a possible US listing.
Singaporean electronics manufacturer, Natsteel Electronics has announced that it has raised S$200 million $115.86 million in fresh capital from Temasek Capital an arm of the Singapore government. Natsteel has sold Temasek 10.5 million new shares at $4.78 a share and issued an S$150 million convertible bond.

The price of the share placement represents a 1.2% discount to the previous days close and the bonds were issued at par and carry a zero coupon - essentially making it an interest-free loan. The bonds repayment can be made in the form of shares to be issued to Temasek by Natsteel at an equivalent price of $4.78 and the bond can be converted at any...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222