NAGA issues USD 8 million convertible bond in private placement

PUBT · 2d ago
NAGA issues USD 8 million convertible bond in private placement
  • NAGA plans a USD 8 million convertible bond 2026/2029 via private placement, excluding shareholders’ subscription rights.
  • Deal is fully subscribed by two institutional investors led by Presto Asset Pte. Ltd.; issuance expected Oct. 15.
  • Bond carries an 8% annual coupon paid quarterly; 36-month term; not slated for stock exchange listing.
  • Conversion price set at USD 4.2615; investors can opt for USD 1.50 conversion if performance targets are missed.
  • Full conversion implies up to about 8.1% dilution at USD 4.2615; up to about 22.9% at USD 1.50.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The NAGA Group AG published the original content used to generate this news brief via EQS News (Ref. ID: adhoc_2412918_en) on October 09, 2026, and is solely responsible for the information contained therein.