Issuer: Cordlife Group Limited
Issue Rating: Unrated
Status: Direct, unconditional, unsubordinated and unsecured Notes Issue
Distribution: As per Information Memorandum, Singapore selling restrictions Under Section 274/275 of SFA
Format/Docs: Reg S Bearer / Issuer’s SGD 500 million Multicurrency Debt Issuance Programme
Issue Date: [●] October 2014
Maturity Date: [●] October 2017
Governing Law: Singapore Law
Selling Restrictions: Sections 274 and/or 275 of the Singapore SFA
Hmmm… this is one of the names in my list yesterday at their 52 week lows.
Market Cap : SGD 272 mio.
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Size of MTN programme : SGD 500 mio!
Revenues healthy and of all the 6 analysts covering the stock, 4 Buys/Overweight/Outperform and 2 Holds.
Lowly geared company although they just recently acquired a US 25 mio convertible note that pays 7% in China Cord Blood Bank and are also looking towards regional expansion.
Thus a 5% bond would fit nicely to fund the 7% note for a 2% profit. And everyone stands to gain.
This article was published on www.tradehaven.net, and is republished with permission.