BRIEF-Tianqi Lithium Says Proposed Issue Of USD Settled Zero Coupon Convertible Bonds Due 2027

Reuters02-04
BRIEF-<a href="https://laohu8.com/S/TQLCF">Tianqi Lithium</a> Says Proposed Issue Of USD Settled Zero Coupon Convertible Bonds Due 2027

Feb 4 (Reuters) - Tianqi Lithium 002466.SZ:

  • PROPOSED ISSUE OF USD SETTLED ZERO COUPON CONVERTIBLE BONDS DUE 2027 UNDER GENERAL MANDATE

  • BONDS ARE EXPECTED TO BE APPROXIMATELY HK$5,860.7 MILLION

  • BONDS TO BE ISSUED BY COMPANY IN AGGREGATE PRINCIPAL AMOUNT OF RMB2,600 MILLION.

  • COMPANY INTENDS TO USE NET PROCEEDS FOR SUPPORTING STRATEGIC DEVELOPMENT OF LITHIUM SECTOR

  • PLACING 65.1 MILLION NEW H SHARES WITH NOMINAL VALUE OF RMB1.00 EACH

Further company coverage: 002466.SZ

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

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