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Prospect News home > News index > List of issuers T > Headlines for Tenders 2008 > News item
Published on 8/20/2008 in the Prospect News Convertibles Daily.

China Nickel buys back HK$40 million of its 0% convertibles due 2012

By Devika Patel

Knoxville, Tenn., Aug. 20 - China Nickel Resources Holding Co. Ltd. announced it bought back HK$40 million of its zero-coupon convertible bonds due 2012.

The convertibles were bought back off-market at 70% of their face value for HK$28 million.

China Nickel Resources is a Hong Kong-based steel producer. It said it has bought back HK$100 million of the convertibles so far this year.


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