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Founder Securities unit accepts tenders of $5.7 million 6.9% bonds
By Wendy Van Sickle
Columbus, Ohio, June 3 – Hong Kong’s Founder Securities (Hong Kong) Financial Holdings Ltd. unit First FZ Bond Ltd. received and accepted tenders of $5.7 million notes in its offer to purchase for cash up to $60 million of its $194.41 million 6.9% guaranteed bonds due 2020 (ISIN: XS1892347086), according to a notice.
The purchase price is $950 per $1,000 of notes. Holders will also receive accrued interest.
The offer was announced on May 26 and expired at 11 a.m. ET on June 2. Settlement is expected for June 8.
The company said the purpose of the offer was to improve and extend its debt maturity profile.
Founder Securities (Hong Kong) Ltd. (852 3798 3333 or gcm@hkfoundersc.com) is acting as the dealer manager and D.F King Ltd. (+44 20 7920 9700, +852 3952 7208 or firstfz@dfkingltd.com) is acting as the information and tender agent.
The financial services company is based in Hong Kong.
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