Hong Kong's Pearl River Tyre plans HK$300 million 9% seven-year bonds

By Marisa Wong

Madison, Wis., Dec. 23 - Pearl River Tyre (Holdings) Ltd. said it plans to place up to HK$300 million of 9% bonds.

The seven-year bonds will be sold at par within 18 months.

Convoy Investment Services Ltd. will act as placing agent for the best-efforts offering.

Pearl River is a Hong Kong investment holding company incorporated in Bermuda. Its principal business is the manufacturing and sales of tires for commercial vehicles.

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