China Jinmao unit to redeem $300 million perpetual capital securities

By Rebecca Melvin

Concord, N.H., Nov. 3 – China Jinmao Holdings Group Ltd. subsidiary Franshion Brilliant Ltd has announced that it has elected to redeem its $300 million senior guaranteed perpetual capital securities, according to a notice.

The securities will be redeemed at par plus any distributions up to but excluding Dec. 4, which is the securities’ first reset date.

After the redemption, there will be no further outstanding securities in the issue and an application to withdraw the issue from listing on the Hong Kong Stock Exchange will be made.

Franshion issued the securities in 2018.

China Jinmao is a Hong Kong-based investment holding company that invests in and develops real estate in mainland China.

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