Excalibur Global Financial Holdings Limited announced that it will issue on a best-efforts basis non-convertible notes for gross proceeds of up to HKD 40 million on January 28, 2022. The transaction will include participation from placees. The notes will be issued at 100% of the principal amount.

The notes will bear interest rate of 3% per annum and mature on the third anniversary of the date of the issue of the notes. The notes will be issued in the denomination of HKD 1,000,000. The notes shall be transferable in whole multiples of the denomination.