CTF Services issues convertible notes to divest in affiliate company
CTF Services is looking to dispose of its shares in Shoucheng Holdings in exchange for the notes. Hong Kong has seen a spree of convertible bond issuances this year.
CTF Services, formerly known as NWS Holdings under Hong Kong’s Chow Tai Fook Enterprises, has completed the issuance of its second convertible bonds in 2025, raising HK$2.218 billion ($285 million) through three-year notes with a 0.75% coupon rate.
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