GD Power Gets OK For Convertible Bond Issuance - ResearchInChina

Date:2011-08-05zoujianfeng  Text Size:

GD Power Development (600795) obtained the approval of the China Securities Regulatory Commission for its plan to raise up to 5.5 billion yuan from an issuance of six-year convertible bonds, reports, citing a company filing.

The coupon rate of the bonds was fixed at three percent.

Existing shareholders will have priority subscription rights to the issuance.

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