Brief: MM2 Asia Says Entry Into Term Sheet
16/06/2022 16:28
June 16 (Reuters) - MM2 Asia:
* ENTRY INTO TERM SHEET IN RELATION TO PROPOSED ISSUE OF
EXCHANGEABLE BONDS WITH DETACHABLE WARRANTS
* DEAL CONSISTS OF S$54 MILLION EXCHANGEABLE BOND WITH
DETACHABLE
WARRANTS, INCLUDING S$5 MILLION CASH EARNEST DEPOSIT
* GROUP'S CINEMA BUSINESS HAS ATTRACTED A LONG-TERM REGIONAL
STRATEGIC INVESTOR
* BONDS ARE DUE 2 YEARS FROM ISSUE DATE AND WILL BEAR A
COUPON
RATE OF 5% P.A.
* ON TRACK FOR A FULL RECOVERY
Source text for Eikon: ID:nSN7LMRDr
Further company coverage: MM2A.SI
((Reuters.Briefs@thomsonreuters.com;))
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