NAGA Group to raise USD 8.2 million through convertible bond issuance

Odaily星球日报 · 2023-04-17T15:50:02.000Z

Odaily Planet Daily News NAGA Group, the operator of cryptocurrency platform NAGAX, is seeking to raise US$8.2 million through the issuance of convertible bonds. The issuance of convertible bonds does not include statutory subscription rights for shareholders of listed companies on the Frankfurt Stock Exchange and has a coupon of 11 %, for a period of six months between April 28 and October 30, 2023. NAGA Group, which currently also operates an innovative banking application, NAGA Pay, said the decision to issue convertible bonds has been made by the company's management committee, subject to approval by the supervisory board. (Finance Magnates)

Odaily Planet Daily News: NAGA Group, operator of the cryptocurrency platform NAGAX, is seeking to raise $8.2 million through the issuance of convertible bonds. The issuance of convertible bonds does not include the statutory subscription rights of shareholders of listed companies on the Frankfurt Stock Exchange. The coupon rate is 11% and the term is six months between April 28 and October 30, 2023. NAGA Group, which currently also operates an innovative banking application NAGA Pay, said that the decision to issue convertible bonds has been made by the company's management board, but is subject to the approval of the supervisory board. (Finance Magnates)