Brief: 3Sbio Inc Announces Issue Of Eur 320 Mln Zero Coupon Convertible Bonds Due 2025

3SBio

18/06/2020 03:10

June 18 (Reuters) - 3SBio Inc  1530.HK :
    * ISSUER RECEIVED COMMITMENTS TO SELL EUR157.9 MILLION IN
AGGREGATE PRINCIPAL AMOUNT OF EXISTING CONVERTIBLE BONDS
    * FOLLOWING REPURCHASE, EXISTING CONVERTIBLE BONDS
REPURCHASED
WILL BE CANCELLED
    * FOLLOWING REPURCHASE, THERE WILL BE EXISTING CONVERTIBLE
BONDS
OF EUR137.1 MILLION OUTSTANDING
    * ASSUMING FULL CONVERSION PRICE OF HK$14.28/SHARE,
OUTSTANDING
EXISTING CONVERTIBLE BONDS WILL BE CONVERTIBLE INTO ABOUT 86.1
MILLION SHARES
    * 3SBIO INC ANNOUNCES ISSUE OF EUR320 MILLION ZERO COUPON
CONVERTIBLE BONDS DUE 2025
    * ASSUMING FULL CONVERSION OF NEW BONDS AT HK$13.175/SHARE,
NEW
BONDS WILL BE CONVERTIBLE INTO ABOUT 212.0 MILLION SHARES

Source text for Eikon:  urn:newsml:reuters.com:*:nHKSFWDxb
Further company coverage:  1530.HK 

 ((Reuters.Briefs@thomsonreuters.com;))