Egana in debenture issue

PUBLISHED : Thursday, 16 December, 1999, 12:00am
UPDATED : Thursday, 16 December, 1999, 12:00am

Egana International (Holdings) has issued US$15 million unsecured convertible debentures. The debentures are convertible into ordinary shares at a conversion price equal to the lesser of 28 cents each, and 90 per cent of the five lowest closing prices of the share during the 20 business days before conversion.