Newtree extends convertible bonds, adjusts conversion price, coupon

By Sarah Lizee

Olympia, Wash., Aug. 28 – Newtree Group Holdings Ltd. amended terms of its HK$200 million convertible bonds, according to a notice.

The maturity date of the convertibles was extended, the conversion price was increased and the interest rate was adjusted.

The changes took effect on Tuesday.

Exact terms were not disclosed.

The Macau-based company manufactures hygienic disposables for household and clinical use.

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