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Yunnan Energy utilizes first call date to redeem capital securities
Chicago, July 11 – China’s Yunnan Energy Investment Overseas Finance Co., Ltd. will use its first call date on Aug. 20, 2023 to redeem its $150 million guaranteed perpetual capital securities, according to a notice.
The securities are guaranteed by Yunnan Provincial Energy Investment Group Co., Ltd.
All of the securities were outstanding on Tuesday.
The securities will be redeemed at par plus unpaid distributions. The total redemption amount will be $153,375,000, inclusive of $3,375,000 of aggregate distributions.
The securities will be delisted after they are redeemed.
The issuer is a Kunming, China-based supplier of steel, iron ore, coal, sand and gravel that also works in transportation, construction, technology and other sectors.
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