Nagacorp sees strong demand for $200m note issue

NagaCorp, note issue, demand

Nagacorp said it has raised $200 million through an additional note issue, which received strong support from investors.

In a filing with the Hong Kong Stock Exchange, Nagacorp said the order book reached $580 million. The notes are priced at 7.95 percent and expire in 2024.

“The company believes that the success of this transaction reflects investors’ confidence in the company’s long-term strategy and solid credit profile,” it said.

Company filing