By Marisa Wong
Morgantown, W.Va., Feb. 10 – Master Glory Group Ltd. said it issued HK$60 million of additional 9˝% three-year notes on Friday.
The notes were priced at par, as previously announced.
In November, the company said it planned to issue up to HK$1.3 billion of the notes in multiple tranches by Feb. 28. The latest placement, which makes up the fifth tranche, brings the total amount placed to HK$1.2 billion.
Emperor Securities Ltd. is the agent, as previously reported.
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, fifth tranche
|
| Amount: | HK$60 million
|
| Maturity: | Three years
|
| Agent: | Emperor Securities Ltd.
|
| Coupon: | 9˝%
|
| Price: | Par
|
| Yield: | 9˝%
|
| Settlement date: | Feb. 10
|
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