China Hongqiao (01378): Early redemption of US$330 million 705% preferential unsecured notes due in 2028

Zhitongcaijing · 1d ago

According to Zhitong Finance App, China Hongqiao (01378) issued an announcement. According to the notes and the terms and conditions of the contract (contract) with a date of January 10, 2025 entered into by (including) the Company, the subsidiary guarantors mentioned therein, and CNBC International Trust Limited (trustee), the company announced today that it has notified the trustee and note holder that all outstanding notes will be applied on September 11, 2026 (select the redemption date) in accordance with section 3.02 (a) of the contract plus 100% of the redemption amount equivalent to the bill Premium ( As defined in the contract) and the redemption price accrued and unpaid interest (if any) up to (but not including) the selected redemption date, are redeemed in full.

At the date of this announcement, the total outstanding principal amount of the notes was US$330 million.

The Company will use its internal resources to pay the redemption price. After completing the redemption of notes (redemption), all redeemed notes will be cancelled and removed from the official list of the Singapore Stock Exchange Limited.