By Marisa Wong
Morgantown, W.Va., March 9 – New Concepts Holdings Ltd. plans to issue up to HK$200 million of 6˝% three-year bonds.
The bonds will be sold at par.
Head & Shoulders Securities Ltd. is the placing agent.
The bonds will be guaranteed by Zhu Yongjun, chairman of the company’s board of directors, an executive director and an indirect substantial shareholder.
Proceeds will be used as general working capital for the development and operation of the company’s kitchen waste and water treatment business and as financial resources for any potential business opportunities.
The investment holding company’s main activities are construction and environmental protection. New Concepts is based in Hong Kong.
| Issuer: | New Concepts Holdings Ltd.
|
| Guarantor: | Zhu Yongjun
|
| Issue: | Bonds
|
| Amount: | Up to HK$200 million
|
| Maturity: | Three years
|
| Coupon: | 6˝%
|
| Price: | Par
|
| Yield: | 6˝%
|
| Agent: | Head & Shoulders Securities Ltd.
|
| Call option: | In whole or in part on first-in, first-out basis at par
|
| Pricing date: | March 9
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
