SINGAPORE, Nov 9 (Reuters) - The holding company of Singapore's Delong Holdings
plans to sell up to S$220 million ($153 million) in bonds which would be converted into Delong shares by 2012, sources said on Friday.
Citigroup
is the sole lead book-runner for the deal, which could offer 32.08 percent to investors at maturity at a reference price of S$3.028.
The bonds would offer 5 to 6 percent yield per annum, and the funds raised would be used for debt repayments and corporate needs, the source said. ((Reporting by Saeed Azhar, jan.dahinten@reuters.com, Reuters Messaging: jan.dahinten.reuters.com@reuters.net, +65 6403 5659)) ($1=1.438 Singapore Dollar)
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