By Toni Weeks
San Luis Obispo, Calif., Jan. 28 – Blue Sky Power Holdings Ltd. said it will issue up to HK$50 million of 8% bonds on a best-efforts basis during the next 18 months via agent Istar International Securities Co. Ltd.
The eight-year notes will be sold at par.
The bonds are callable at a minimum redemption price of par plus accrued interest.
Proceeds will be used to finance the expansion of Blue Sky Power’s natural gas business and for working capital.
The Hong Kong company is actively developing domestic natural gas markets in China while striving to be a natural gas provider and distributor offering the most innovative and integrated clean energy solutions for customers.
| Issuer: | Blue Sky Power Holdings Ltd.
|
| Issue: | Bonds
|
| Amount: | HK$50 million
|
| Maturity: | Eight years
|
| Agent: | Istar International Securities Co. Ltd.
|
| Coupon: | 8%
|
| Price: | Par
|
| Call: | At minimum of par plus accrued interest
|
| Pricing date: | Jan. 28
|
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