| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers Tenders > Headlines for 2014 > News item |
China’s Future Land solicits consents for 10¼% notes, 9¾% notes
By Jennifer Chiou
New York, Aug. 19 – China’s Future Land Development Holdings Ltd. announced the launch of its consent solicitations for its 10¼% senior notes due 2018 and its 9¾% senior notes due 2016.
The primary aim of the solicitations is to amend the note indentures to bring them into conformity with the terms of the company’s new $350 million of 10¼% senior notes due 2019. The new notes were issued on July 21.
According to a filing with the Hong Kong Stock Exchange, the record date for the solicitation is Aug. 19, and the solicitations will end on Sept. 12.
Future Land is offering a consent fee of $3.75 and CNY 375 per $1,000 and CNY 100,000 principal amount of notes, respectively.
The Bank of New York Mellon is the trustee.
J.P. Morgan Securities plc is the solicitation agent (852 2800 7667 or Liability_management_2014@jpmorgan.com). The information and tabulation agent is Lucid Issuer Services Ltd. (attn: Victor Parzyjagla / Yves Theis; fax 44 20 7067 9098; fldh@lucid-is.com; phone 44 20 7704 0880).
Future Land Development is a Hong Kong-based real estate operator and 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.