OCEANUS Group Oceanus : 579 +9.52% plans to issue US$6 million in digital convertible bonds to one of its substantial shareholders, as part of a plan to repay some bridging loans. It will also place out new shares representing 5.2 per cent of its existing share capital, with a total value of S$29.2 million.
The bonds are due on Mar 22, 2026 and will bear a coupon of 4 per cent per annum, payable on a quarterly basis.
Read more here: https://www.businesstimes.com.sg/companies-markets/oceanus-announces-placement-issue-of-convertible-digital-bonds-to-repay-loans
