| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers C > Headlines for Country Garden Holdings Co. Ltd. > News item |
Country Garden accepts tenders for $410.95 million 4¾% notes due 2022
By Marisa Wong
Los Angeles, June 23 – Country Garden Holdings Co. Ltd. announced that holders had tendered $410,953,000, or 60.13%, of its $683.4 million outstanding 4¾% senior notes due 2022 (ISIN: XS1637076164) as of the expiration of its June 15 tender offer.
The offer expired at 11 a.m. ET on June 22.
The company plans to accept all of the tendered notes for purchase and will pay an aggregate purchase price of $410,953,000.
The company will pay $1,000 per $1,000 note along with accrued interest of $19.659722 per note.
Settlement is planned for June 24.
The company will finance the offer from its internal funds.
J.P. Morgan Securities plc (Liability_Management_ COGARD@jpmorgan.com) and HSBC Ltd. (+852 3941 0223, +44 20 7992 6237, liability.management@hsbcib.com) are the dealer managers.
Morrow Sodali Ltd. is the information and tender agent (+44 20 4513 6933, +852 2319 4130, countrygarden@investor.morrowsodali.com, https://projects.morrowsodali.com/countrygarden).
Country Garden is a Foshan, China, real estate developer.
© 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.