Frasers Logistics & Commercial Trust (SGX:BUOU) issued nearly 2 million units to its manager at SG$0.9886 per unit as payment for a SG$2 million acquisition fee, according to a Monday filing with the Singapore Exchange.
The fee was in connection with the acquisition of four properties in Germany and the Netherlands.
Following the issuance, the manager has an interest in 20.2 million units, accounting for 0.53% of the company's total issued units.
Huatai Securities (SHA:601688, HKG:6886) indirect unit Huatai International Finance issued eight tranches of medium-term notes totaling $347 million.Proceeds will support business development and working capital needs, according to a Monday filing on the Shanghai bourse.Shares of the securities company were down 2% in recent trade on the Hong Kong bourse and 1% in Shanghai.
Industrial Bank (SHA:601166) issued 20 billion yuan in special financial bonds for loans to small and micro enterprises, the bank's first such bonds for the year, according to a Saturday filing on the Shanghai bourse.The lender's shares rose 1% during Monday's morning trade.The bonds have a coupon rate of 1.55% and a term of three years.
Elevra Lithium (ASX:ELV) will issue an upfront tranche of CA$65 million of convertible notes to a unit of Canada Growth Fund under a previously agreed strategic financing package, according to a Monday Australian bourse filing.The tranche will have a maturity of five years from the issue date and will accrue interest at the Canadian Overnight Repo Rate Average (CORRA), floored at zero, plus 225 basis points per annum, payable semi-annually in arrears.Proceeds from the issuance will be used to fund the staged expansion of North American Lithium, and to provide additional liquidity to ensure capital management adequacy.The issuance of a CA$80 million second tranche of convertible notes remains subject to the satisfaction of certain conditions, including shareholder approval.