China Railway redeems RMB 3.3 billion put 1.5% bonds, calls balance

By Marisa Wong

Los Angeles, Dec. 23 – China Railway Construction Corp. Ltd. announced that holders had exercised their put options for a total of RMB 3,295,000,000, or 95.51%, of its RMB 3.45 billion of dollar-settled 1.5% convertible bonds due 2021.

The put bonds were redeemed on Dec. 23.

On Monday the company also announced it will redeem in full the remaining RMB 155 million of outstanding bonds on Jan. 23 at par plus accrued interest.

The construction group is based in Beijing.

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