HONG KONG, Jan 14 (Reuters) - ANTA Sports activities Merchandise Ltd 2020.HK stated on Tuesday it d
HONG KONG, Jan 14 (Reuters) – ANTA Sports activities Merchandise Ltd 2020.HK stated on Tuesday it deliberate to problem 1 billion euro ($1.11 billion) zero coupon assured convertible bonds due 2025, with the funds used for refinancing present debt, working capital and for basic company functions.
The China home-grown sports activities model stated the bonds are convertible into 82.129 million shares, representing 2.95% of the enlarged share capital, at HK$105.28 per share.
The conversion value represents a premium of 40% over Monday’s shut of HK$75.20 per share.
The agency intends promoting to no less than six unbiased third occasion traders.
Merrill Lynch (Asia Pacific) Ltd, Citigroup International Markets Ltd and Morgan Stanley & Co. Worldwide plc because the managers.
($1 = 0.8979 euros)
(Reporting by Donny Kwok; Enhancing by Shri Navaratnam)
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