Golden Agri-Resources gets go-ahead for convertible bonds issue

SGX-ST has given its approval in-principle for the listing and quotation of the convertible bonds and new shares.

This involves the US$400 million 2.5 percent convertible bonds due 2017.

The Singapore Exchange Securities Trading Limited has given its approval in-principle for the listing and quotation of the convertible bonds and 561,106,115 new ordinary shares of par value US$0.025 each in the capital of the company to be issued on conversion of the convertible bonds.

The SGX-ST's approval in-principle for the listing and quotation of the convertible bonds and the new shares is not to be taken as an indication of the merits of the convertible bonds, the new shares, Golden Agri-Resources and/or its subsidiaries.