GCL TECH Issues USD148M Convertible Bonds Due 2027 at 6.95% Interest
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GCL TECH has issued USD148 million convertible bonds due 2027 at an interest rate of 6.95%. The initial conversion price is HKD1.21, a 27.37% premium over the closing price. The new shares will represent 2.8% of the enlarged share capital, with net proceeds of USD145 million allocated for debt repayment and general corporate purposes.
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