SRE to raise $145 million via bonds, share sales

Posted by 7Star Tuesday, June 30, 2009

Real estate company SRE Group aims to raise a total of about $145 million via a bond issue and share sale, according to two separate term sheets. SRE plans to sell 550 million yuan ($80.48 million) worth of US dollar convertible bonds due in 2014, raising capital to repay debt. Credit Suisse and Deutsche Bank are the joint book runners, a term sheet said.

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