Nine Dragons Issues $400M in Capital Securities

Nine Dragons Paper Holdings (HK:2689) has released an update.

Nine Dragons Paper Holdings has announced the issuance of $400 million in 14.0% senior perpetual capital securities, managed and initially subscribed by Citigroup. The offering is strictly international, with no public offering within the United States, the European Economic Area, the United Kingdom, or Hong Kong, and is in compliance with relevant securities regulations.

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