10 hours ago
Chow Tai Fook Jewellery Seeks $1 Billion From Convertible Bonds
Chow Tai Fook Jewellery Group Ltd. is seeking to raise HK$7.85 billion ($1 billion) from the sale of bonds convertible into stock, according to terms of the deal seen by Bloomberg News.
The bonds will be due around the end of June 2030, according to the terms. The bonds will carry a coupon of zero to 0.5%, payable semiannually, the terms show. Their conversion premium will be 35% to 45% over the reference price, according to the terms.
