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Shui On to redeem $600 million 6.4% senior perpetuals on June 20
By Rebecca Melvin
Concord, N.H., May 18 – Shui On Land Ltd. subsidiary Shui On Development (Holding) Ltd. is exercising the redemption option of its $600 million 6.4% senior perpetual capital securities (ISIN XS1632358112), according to an announcement.
The notes will be redeemed on June 20 at par plus accrued distributions.
Shui On Land is a Hong Kong-based property development company.
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