Country Garden adjusts conversion prices on Smart Insight bonds

Chicago, June 6 – Country Garden Holdings. Co, Ltd. lowered the conversion prices on the 4.5% secured guaranteed convertible bonds due 2023 and the 4.95% secured guaranteed convertible bonds due 2026 issued by Smart Insight International Ltd., according to a notice.

Due to a final dividend, the conversion price of the 2023 bonds has been adjusted to HK$10.21 from HK$10.47.

Additionally, the strike price of the written call options is being adjusted to HK$14.53 per written call option from HK$14.89.

Still regarding the 2023 bonds, the strike price of the purchase call options will be adjusted to HK$10.21 per call option from HK$10.47, all with effect from June 7.

Separately, the conversion price on the 2026 bonds is being adjusted to HK$7.92 from HK$8.10, effective June 13.

Country Garden is a Foshan, China, real estate developer.

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