Singapore-based GLP says holders put RMB 307 million of 4% notes

By Susanna Moon

Chicago, March 9 – GLP Pte. Ltd., formerly known as Global Logistic Properties Ltd., said investors put RMB 307 million of its RMB 350 million 4% senior notes due 2018.

After the repurchase, there is RMB 43 million of the bonds left outstanding, according to a company notice.

The notes were putable on March 9 at 101 plus accrued interest up to but excluding the redemption date.

As announced Jan. 24, the put option was triggered by a change of control that occurred on Jan. 10 through the acquisition of GLP by Nesta Investment Holdings Ltd.

To exercise their put option, noteholders had to respond by 5 a.m. ET on Feb. 23.

Based in Singapore, GLP operates logistics facilities and provides related services.

© 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.