New York, March 16 – Master Glory Group Ltd. said it agreed a HK$300 million placement of 9˝% three-year notes with agent Emperor Securities Ltd.
Emperor will find investors to buy the notes on a best efforts basis, according to a company announcement.
Master Glory previously placed HK$1.2 billion of three-year notes with a 9˝% coupon.
It said that while placing the last HK$100 million Emperor reported further demand.
The additional HK$300 million will meet that demand and provide additional funding for the company’s business development.
The new HK$300 million may be sold in multiple tranches.
The investment holding company is based in Hong Kong.
| Issuer: | Master Glory Group Ltd.
|
| Issue: | Notes
|
| Amount: | HK$300 million
|
| Maturity: | Three years
|
| Agent: | Emperor Securities Ltd.
|
| Coupon: | 9˝%
|
| Price: | Par
|
| Yield: | 9˝%
|
| Pricing date: | March 16
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
