King Talent to redeem $400 million subordinated perpetuals on Dec. 4

By Mary-Katherine Stinson

Lexington, Ky., Oct. 26 – King Talent Management Ltd. will fully redeem its $400 million guaranteed subordinated perpetual capital securities guaranteed by Far East Horizon Ltd. on Dec. 4, according to a company release.

The redemption will be at par plus any accrued distribution, including any arrears of distribution and additional distribution amount.

There will be no securities remaining in the issue after redemption, and the securities will be delisted.

King Talent Management is based in Shanghai. Far East Horizon is a financial services provider based in Hong Kong.

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