12 Aug 2016

Issuance of US$90 million exchangeable bonds by Sinochem International (Overseas) Pte. Ltd.

Danny Lim and Caitlin Huang from the Capital Markets / Mergers & Acquisitions Practice Group are advising Sinochem International (Overseas) Pte. Ltd., a wholly-owned subsidiary of Sinochem International Corporation (“Sinochem”), on the issuance of US$90 million exchangeable bonds to China-Africa Development Fund, which are exchangeable into shares of Singapore-listed Halcyon Agri Corporation Limited (“Halycon”), during an ongoing mandatory cash offer for Halcyon by Sinochem.

Halcyon is a global natural rubber supply chain manager, which business activities span the entire natural rubber supply chain with an extensive distribution network spanning South East Asia, the PRC, South Africa, the USA and Europe. It is one of the top five natural rubber companies globally.