CTF Services (HKG:0659) completed the issuance of HK$780 million in convertible bonds due this year to at least six independent professional investors, a Wednesday Hong Kong bourse filing said.
The bonds have a conversion price of HK$8.043 with a 4% interest rate and will be listed on the Vienna Stock Exchange on or around Wednesday, Jan. 22.
The company plans to use the net proceeds of HK$769 million to refill working capital and settle the principal and interest of a portion of its bonds and loans.
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