Guangdong Hong Kong Greater Bay starts exchange offer for 14% notes

Chicago, Sept. 23 – Guangdong-Hong Kong Greater Bay Area Holdings Ltd. started an exchange offer for its 14% senior notes due 2021 (ISIN: XS2084960009), according to an announcement.

The company is offering to exchange $1,000 of existing notes for $1,000 of new two-year notes. Noteholders will also receive a redemption premium of $21.80 and accrued interest. The interest rate for the new notes will be set at pricing of a concurrent new money issue.

The minimum yield for the new notes will be announced on Sept. 27.

The exchange deadline is 11 a.m. ET on Oct. 4.

Pricing for the new notes will take place after the exchange deadline.

Settlement is planned for Oct. 12.

The exchange offer is open to Regulation S noteholders. Notes cannot be withdrawn once they are submitted.

Haitong International, Guotai Junan International and Potomac Capital Ltd. are the dealer managers.

D.F. King (+44 20 7920 9700, +852 3953 7231, youngo@dfkingltd.com, https://sites.dfkingltd.com/youngo) is the information and exchange agent.

The state-owned investment holding company is based in Guangdong, China.

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