China Jinmao calls Franshion’s $300 million 4 7/8% perpetuals

By Mary-Katherine Stinson

Lexington, Ky., Sept. 26 – China Jinmao Holdings Group Ltd. subsidiary Franshion Brilliant Ltd. will redeem its $300 million 4 7/8% subordinated guaranteed perpetual capital securities on the first reset date of Nov. 6, according to a company announcement.

The notes are guaranteed by the parent.

The notes will be redeemed at par plus any distributions, including any arrears of distribution and additional distribution amounts.

After redemption, the securities will be delisted.

China Jinmao is a Hong Kong-based investment holding company that invests in and develops real estate in mainland China.

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