CAPITAL MARKETS

Sino issues notes

SINO Gold has raised US$35 million through the issue of convertible notes with the majority of the funds going to the development of Phase 1 of the Jinfeng mining project in the Guizhou province in China.

Ben Sharples

Sino issues notes

The five year-convertible notes carry a coupon of 5.75% per annum with a conversion price of $2.89, a 35% premium to the price the company’s shares closed at before the raising. Barclays Capital was...

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