By Wendy Van Sickle
Columbus, Ohio, Feb. 27 – Transmit Entertainment Ltd. plans to place up to HK$150 million of 6˝% bonds in multiple tranches, according to a notice.
Interest will be payable semiannually.
The bonds will mature one year after issuance and will be extendable by the company for an additional year.
Royston Securities Ltd. is the placing agent.
The placing period will last for six months from Feb. 24.
Proceeds from the bonds will be used for working capital and to repay debt.
Transmit Entertainment is a film production company based in Hong Kong.
| Issuer: | Transmit Entertainment Ltd.
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| Issue: | Bonds
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| Amount: | Up to HK$150 million
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| Maturity: | One year, extendable for an additional year
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| Placement agent: | Royston Securities Ltd.
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| Coupon: | 6˝%, payable semiannually
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| Announcement date: | Feb. 27
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