AMTD Idea seeks consents to amend 7¼% senior perpetuals

By Marisa Wong

Los Angeles, April 28 – AMTD Idea Group is seeking to amend its $450 million 7¼% senior perpetual securities (ISIN: XS2161843789), according to a notice.

The issuer is requesting holders of the dollar-denominated perpetual securities to enter into extraordinary resolutions given by way of electronic consents and, if they think fit, to make adjustments to the terms of the securities.

Voting instructions are due by 11 a.m. ET on May 12.

However, if holders of at least 90% of the outstanding amount of securities vote in favor of and pass the extraordinary resolution prior to that deadline, those resolutions may become effective before the deadline.

In any case, the effective date of the extraordinary resolutions will be no later than the seventh day after the resolutions are passed.

The information and tabulation agent is Morrow Sodali Ltd. (amtd@investor.morrowsodali.com;

+852 2319 4130 or +44 20 4513 6933).

Details of the extraordinary resolutions will be made available to securityholders through Euroclear Bank SA/NV and Clearstream Banking SA, according to the notice.

AMTD, based in Hong Kong, is engaged in investment banking, asset management and strategic investment businesses.

© 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.