By Marisa Wong
Morgantown, W.Va., Nov. 28 – Master Glory Group Ltd. said it placed HK$600 million of 9˝% three-year notes on Monday.
The notes were sold at par.
The company said it plans to issue up to HK$1.3 billion of the notes in multiple tranches by Feb. 28.
Emperor Securities Ltd. is the agent.
Proceeds will be used for future acquisitions, repayment of borrowings and general working capital.
The investment holding company is based in Hong Kong.
| Issuer: | Master Glory Group Ltd.
|
| Issue: | Notes, first tranche
|
| Amount: | HK$600 million
|
| Maturity: | Three years
|
| Coupon: | 9˝%
|
| Price: | Par
|
| Yield: | 9˝%
|
| Agent: | Emperor Securities Ltd.
|
| Settlement date: | Nov. 28
|
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