China Nickel launches CB exchange offer

The manufacturer of nickel and stainless steel products is offering to exchange outstanding convertible bonds with a redemption value of about $225 million into a combination of high-yield bonds, new CBs and cash.
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China Nickel Resources operates two production mills in Zhengzhou, Henan Province 
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<div style="text-align: left;"> China Nickel Resources operates two production mills in Zhengzhou, Henan Province </div>

Hong Kong-listed China Nickel Resources has made an offer to the holders of its outstanding convertible bonds to exchange them into a combination of new CBs and high-yield bonds as it seeks to make its upcoming cash payments more manageable.

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