NHC Foods Approves US$ 27M FCCB Issue at 1.5% Coupon

NHC Foods Ltd's board approved the issuance of Foreign Currency Convertible Bonds (FCCBs) for an aggregate amount not exceeding US$ 27 million at a 1.5% coupon rate, issued at a 10% discount. The bonds are unsecured and will be credited to subscribers around May 29, 2026, subject to conditions. The board also approved the terms and conditions in the final Offering Circular and set the 'Relevant Date' for the issue as May 27, 2026. The FCCBs are proposed to be listed on the AFRINEX Exchange (Republic of Mauritius).