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IC - News Briefs - December 19, 2018
Chinese power company and energy trader Fujian Funeng Co. Ltd. sold RMB 2.83 billion ($411.7 million) principal amount of 0.4% convertible notes due 2024 at 100. The notes are convertible into the company’s Shanghai Stock Exchange-traded shares on the basis of 115.07 shares per the equivalent of each $1,000 face amount of notes, or at $8.69 a share, representing a 5.98% premium to the current share price. The notes will be convertible starting June 14, 2019. Siamgas & Petrochemical Pcl closed the sale of THB......
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