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Global New Material plans RMB1.3 billion convertible bond issue

Verifying
  • Global New Material International plans a RMB1.3 billion convertible bond issuance.
  • RMB1.3 billion bonds carry 3.25% coupons and mature September 22, 2027.
  • Bondholders committed HK$990 million for repurchase; HK$10 million remains outstanding.
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