Luye Pharma Group Issues $50 Million Convertible Bonds

MT Newswires12-16

Luye Pharma Group (HKG:2186) issued $50 million in convertible bonds, according to a Friday filing with the Hong Kong bourse.

The bonds, which are due in 2025, have a 5.85% interest rate.

The Tranche B Bonds are expected to be listed on the Singapore bourse on Dec. 16.

The company's share prices were down by over 3% in recent trading.

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