Wednesday, April 30, 2014

CNA

CNA has proposed an issue of $120m of zero coupon convertible bonds with Pacific Alliance Asia Opportunity Fund. The first series of Bonds will be issued in two separate successive tranches, while the second series of Bonds will be issued in up to 58 separate successive tranches, each tranche having an aggregate principal amount of $2m which may be convertible into ordinary shares in the Company.

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