By Rebecca Melvin
New York, Nov. 16 – HC Group Inc. has priced HK$350 million of two-year notes to yield Hong Kong interbank rate plus 285 basis points, according to a news release.
The company may extend the maturity date by one year.
The notes are callable in whole at par at any time after 15 months from the date of issue.
The company also priced HK$100 million of convertible bonds with a two-year maturity extendable for one year at Hibor plus 285 bps.
Proceeds of both issues will be used for transaction services enablement and supply-chain financing, information services and data services as well as general corporate purposes.
HC Group is an investment holding company that provides business information through online and offline channels in the People’s Republic of China.
| Issuer: | HC Group Inc.
|
| Issue: | Notes
|
| Amount: | HK$350 million
|
| Maturity: | Two years, extendable by 12 months
|
| Coupon: | Hibor plus 285 bps
|
| Call: | Callable in whole at par after 15 months
|
| Pricing date: | Nov. 15
|
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