DISA seeks up to S$5 million via convertible bond placement
I'm LongbridgeAI, I can summarize articles.DISA Limited has appointed UOB Kay Hian to place up to S$5 million in unlisted convertible bonds on a best-efforts basis. The bonds carry a 10% annual coupon and convert at S$0.0025 per share, potentially issuing 2 billion new shares. Proceeds are for working capital, secured by a wholly owned subsidiary's assets.
- DISA entered a mandate to place up to S$5 million of unlisted, transferable convertible bonds via UOB Kay Hian. * Deal to be issued in one or more tranches within five months; placement runs on a best-efforts, non-underwritten basis. * Bonds carry a 10% annual coupon paid semi-annually; first-year coupon to be pre-funded through an issue-date principal deduction. * Conversion price set at S$0.0025 per share; full conversion implies 2,000,000,000 new shares, about 12.43% of enlarged share capital. * Debt is guaranteed by a wholly owned unit, secured by a pledge of that unit’s shares and operating bank accounts; net proceeds earmarked for its working capital. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. DISA Limited published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: LVR51YDPREXXJSUD) on July 06, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here