Brief: Pacific Century Premium Developments enters into a subscription agreement

Pacific Century Premium Developments

07/03/2017 13:44

March 7 (Reuters) - Pacific Century Premium Developments Ltd 
 0432.HK : 
    * PCPD Capital Limited , Co and Joint Bookrunners entered 
into a subscription agreement 
    * Issuer has agreed to issue us$70 million in aggregate 
principal amount of 'further bonds' 
    * Estimated net proceeds from issue of further bonds,  will 
be about US$69.6 million 
    * Intends to use net proceeds from issue of further bonds 
for co's servicing of general corporate debt, general corporate 
purposes 
    * Further bonds have been purchased by an entity indirectly 
held by Li Tzar Kai, Richard, chairman and an executive director 
 
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