Green Dragon issues a second tranche of the convertible bond facility (Scandinavian Oil-Gas Magazine)

Green Dragon issues a second tranche of the convertible bond facility

Published Jun 6, 2014

Green Dragon Gas Ltd. has issued a second tranche of the convertible bond facility first announced in December 2013. The second tranche of US$50 million has been fully subscribed by GIC Private Limited (GIC), a Government of Singapore sovereign wealth fund.

The convertible bond is unsecured, has a 7% coupon, a 36 month maturity, and is convertible into ordinary shares at a conversion price of US$9.34 per share. The Company has the right on the second anniversary of the issue date and onwards to call the convertible bond under certain conditions.

Tags: Green Dragon Gas Ltd.

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