| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers A > Headlines for AMTD International Inc. > News item |
Hong Kong’s AMTD gives results of exchange offer for 7 5/8% notes
Chicago, May 7 – AMTD Group Co. Ltd. subsidiary AMTD International Inc. announced the final results of its exchange offer for up to $123 million 7 5/8% senior perpetual securities for new securities to be issued under the company’s $1 billion medium-term note program, according to a press release.
The company has accepted for exchange $49,230,000 of the old notes, representing about 40.02% of the outstanding existing securities.
Noteholders had the option to select either a U.S. dollar exchange instruction or a Singapore dollar exchange instruction. Accordingly, noteholders representing $38,920,000 of the notes chose the U.S. dollar option and noteholders representing $10,310,000 of the notes selected the Singapore dollar option.
The coupon for the U.S. dollar notes is 7¼% and the coupon for the Singapore dollar notes is 4½%.
The Singapore notes will be exchanged using a conversion rate of $0.6994 to S$1.
Settlement is expected to be May 14.
D.F. King Ltd. worked as the information and exchange agent (amtd@dfkingltd.com).
Joint dealer managers were AMTD Global Markets Ltd. and Bank of East Asia, Ltd.
The financial institution is based in Hong Kong.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.