SINGAPORE (Oct 16): Asian Healthcare Specialists (AHS) is proposing to issue $5 million in convertible bonds due in 2021 to Vanda 1 Investments at the conversion price of 25 cents per conversion share.

The issuance comes with a grant of an option for the investor to subscribe for another $5 million worth of shares at the price of 32.5 cents per option share.

The conversion and option prices represent a respective 0.2% and 30.3% premium over AHS’s volume weighted average price for trades done on 12 Oct at 24.95 cents.

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