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Prospect News home > News index > List of issuers Tenders > Headlines for 2021 > News item
Published on 8/23/2021 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Beijing Hongkun unit announces put option for its 14¾% notes due 2022

By Rebecca Melvin

Concord, N.H., Aug. 23 – Hongkong Ideal Investment Ltd. announced that holders of its 14¾% guaranteed senior notes due 2022 (ISIN: XS2059534342) may put their notes in full or any portion of the principal amount on Oct. 8, according to a company announcement.

The notes are guaranteed by Beijing Hongkun Weiye Real Estate Development Co. Ltd.

The notes will be redeemed for cash at par plus accrued and unpaid interest to the put settlement date. The amount of accrued and unpaid interest will be $73.75 on each $1,000 of notes.

There is $205 million of the notes outstanding. Upon redemption, the notes will be canceled.

The real estate developer is based in Beijing.


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