China’s Greenland Global holders put $429.40 million 6¼% notes due 2022

By William Gullotti

Buffalo, N.Y., Dec. 17 – Greenland Global Investment Ltd. is repurchasing about 85.88% of its $500 million 6¼% notes due 2022 due to the exercise of put options, according to an announcement on Friday.

The company redeemed $429,403,000 of the notes, initially issued June 16, 2020 under its $8 billion guaranteed medium term note program and guaranteed by Greenland Holding Group Co. Ltd., on Dec. 16 at par plus accrued interest to the put settlement date.

After canceling the redeemed notes, a total of $70,597,000 will remain outstanding, representing 14.12% of the initial issue.

Greenland Global is a real estate developer based in Shanghai.

© 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.