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China Jinmao calls Franshion’s $500 million 5¾% capital securities
By Rebecca Melvin
Concord, N.H., Dec. 17 – Franshion Brilliant Ltd. will redeem its $500 million 5¾% subordinated guaranteed perpetual capital securities guaranteed by China Jinmao Holdings Group Ltd., according to a notice.
The securities are being redeemed at par plus any distributions accrued to, but excluding, the Jan. 17, 2022 redemption date, which is the first reset date.
Upon completion of the redemption, there will be no further outstanding securities and they will be withdrawn from listing on the Stock Exchange of Hong Kong Ltd.
Franshion issued the securities in 2017.
China Jinmao is a Hong Kong-based investment holding company that invests in and develops real estate in mainland China.
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