Hong Kong's Link partially redeems 1.6% green convertible bonds early

Chicago, April 4 – Link CB Ltd. (formerly known as Link 2019 CB Ltd.) announced the partial redemption of its HK$4 billion 1.6% guaranteed green convertible bonds due 2024, according to a notice.

The issuer redeemed HK$3,213,000,000 principal amount of the bonds on April 4, representing 80.33% of the initial issue.

This will leave HK$787 million of the bonds, or 19.67%, outstanding.

Interest was paid to the date fixed for redemption.

The convertibles are guaranteed by Link Holdings Ltd., Link Properties Ltd. and HSBC Institutional Trust Services (Asia) Ltd., in its capacity as trustee, and with recourse limited to the assets of Link REIT, will guarantee the notes.

More announcements will be forthcoming for every subsequent 5% interval of principal amount of bonds redeemed.

Link is a Hong Kong-based real estate investment trust that invests in retail and parking facilities. The parent is Link Asset Management Co., Ltd.

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