Keymed Bio to Subscribe to JP Morgan's Bond Offering

MT Newswires · 07/06/2022 16:22

04:22 AM EDT, 07/06/2022 (MT Newswires) -- Keymed Biosciences (HKG:2162) agreed to subscribe to a principal amount of $25 million in JP Morgan Chase Financial's bond offering, according to a Wednesday disclosure.

The debt securities, to be issued on July 19, will fall due in one year. The index-linked floating return bonds are tied to the JP Morgan Custom 392E Index and may generate a return rate of 10.7%.

The biotech firm will use idle funds to finance the investment, which is expected to enhance the group's overall capital gain.

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