New Issue: U-Right prices HK$60 million 0% convertibles to yield 6.5%, up 12.94%

New York, Oct. 9 - U-Right International Holdings Ltd. priced a HK$60 million offering of zero-coupon convertible bonds to yield 6.5% with a 12.94% initial conversion premium.

ABN Amro Bank NV bought the bonds and can resell them.

Proceeds will be used for general corporate purposes.

U-Right is a Hong Kong-based maker of casual wear.

Issuer:	U-Right International Holdings Ltd.
Issue:	Convertible bonds
Amount:	HK$60 million
Maturity:	Oct. 19, 2011
Coupon:	0%
Price:	Par
Redemption price:	137.69
Yield:	6.5%
Conversion premium:	12.94% over closing price
Conversion price:	HK$0.288
Call:	Clean-up call only
Put:	Oct. 19, 2009 at 121.15
Pricing date:	Oct. 5
Settlement:	Oct. 19

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