| Singapore’s sovereign wealth fund has fully subscribed for the second tranche of AIM-listed Green Dragon Gas’s convertible bond facility. The second chunk of the convertible bond, worth US$50mln, has been issued to GIC Private Limited.
It has a 7% coupon, a 36-month maturity, and can be converted at US$9.34 a share, equivalent to 558p a share. That is a premium to the current share price, which is just shy of 500p. Earlier this week, GIC converted the first tranche into 5.78mln shares early at a price of US$6.06 each...............................................Full Article: Source
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