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ECP Emerging Growth Ltd. ( (AU:ECP) ) has issued an announcement.
ECP Emerging Growth Ltd. has announced an increase in the interest rate for its ECP Convertible Notes from 5.5% to 6.5% per annum, effective due to the 2-year Bank Bill Swap Rate exceeding a specified threshold. This adjustment will impact future interest payments until the notes’ maturity in April 2027, while the conversion price into ordinary shares remains unchanged, reflecting the company’s strategic response to market conditions.
More about ECP Emerging Growth Ltd.
ECP Emerging Growth Ltd. operates in the financial industry, focusing on active investing. The company is engaged in providing investment opportunities through products such as convertible notes, targeting investors looking for growth in emerging markets.
YTD Price Performance: -18.22%
Average Trading Volume: 9,058
Technical Sentiment Signal: Buy
Find detailed analytics on ECP stock on TipRanks’ Stock Analysis page.