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Prospect News home > News index > List of issuers F > Headlines for Fortune Star (BVI) Ltd. > News item
Published on 1/20/2021 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Fosun’s Fortune Star begins cash tender for 5¼% notes due 2022

By Rebecca Melvin

New York, Jan. 20 – Fortune Star (BVI) Ltd. is offering to purchase for cash its 5¼% senior notes due 2022 (ISIN: XS1581103428), according to an announcement.

The amount of notes outstanding is $1,189,416,000, and the maximum acceptance amount will be announced on Thursday.

The purchase price per $1,000 principal amount of notes is $1,017.50.

Fortune Star is conducting an offering of new notes to finance the offer. The new notes are expected to price on Wednesday with settlement expected on Feb. 2.

Credit Suisse (Hong Kong) Ltd. (+852 2101 6000) and Deutsche Bank (+852 2503 8888) are working as the dealer managers.

D.F. King (+44 20 7920 9700, +852 3953 7230, fosun@dfkingltd.com, https://sites.dfkingltd.com/Fosun) is acting as the information and tender agent.

The offer will expire at 11 a.m. ET on Jan. 29.

Fosun is a Shanghai-based conglomerate.


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