China National Bluestar to redeem $800 million perpetual securities

By Mary-Katherine Stinson

Lexington, Ky., May 15 – China National Bluestar (Group) Co. Ltd. will redeem its outstanding $800 million subordinated guaranteed perpetual securities issued by subsidiary Bluestar Finance Holdings Ltd., according to a notice.

The notes will be redeemed at par on the call date of June 24, together with any accrued distribution including any arrears of distribution and any additional distribution amount.

After the redemption, no notes will remain outstanding, and they will be delisted from the Hong Kong Exchange.

Bluestar is a chemical product manufacturer based in Chaoyang, China.

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