Gold-Finance Holdings Limited (SEHK:1462) announced that it has signed a memorandum of understanding with new investor, Lion Trust (Singapore) Limited to issue convertible bonds for gross proceeds of $26,000,000 (HKD 202,008,000) on April 7, 2017. The bonds carry a fixed coupon of 5.5% per annum and would mature in 24 months from the date of issue. The bonds are convertible into common stock of the company at a conversion price of HKD 1.5 per share. The company shall be entitled to redeem the convertible bonds in whole at 110% of the principal amount of the convertible bonds. The conversion was made through www.oanda.com as of April 7, 2017.