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May 27, 2002

HONG KONG: Tingyi to issue convertible bond of up to US$100m

Hong Kong-based instant noodle producer Tingyi Holdings Corp is to issue up to US$100m in convertible bonds.   An investment-banking source told Reuters earlier today [Monday] that the bonds have a maturity of three years. They will carry a coupon of 3%, with a conversion premium of between 12% and 17%.

Hong Kong-based instant noodle producer Tingyi Holdings Corp is to issue up to US$100m in convertible bonds.
 
An investment-banking source told Reuters earlier today [Monday] that the bonds have a maturity of three years. They will carry a coupon of 3%, with a conversion premium of between 12% and 17%.

The deal should be priced tomorrow.

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