Sunshine 100 adjusts conversion price on 4.8% bonds due 2023

By Taylor Fox

New York, Nov. 11 – Sunshine 100 China Holdings Ltd. adjusted the conversion price of its $750 million 4.8% convertible bonds due 2023 (ISIN: XS1877804895) to HK$4.16 per share from HK$4.5 per share effective Oct. 17, according to a company announcement.

Based on the outstanding $750 million of the bonds and the adjusted conversion price, an additional 13,621,795 shares will be issued upon conversion of all of the outstanding bonds.

The property developer is based in Beijing.

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