Link clips conversion price of two convertible bonds due 2024, 2027

By Devika Patel

Knoxville, Tenn., March 1 – Link CB Ltd., an indirect wholly owned subsidiary of Link Real Estate Investment Trust, decreased the conversion prices of two convertible bonds, according to an announcement.

Due to a units rights issue, the conversion price of the company’s $4 billion of 1.6% guaranteed green convertible bonds due 2024 was lowered to HK$103.70 per unit from HK$109.39 per unit and the conversion price of its $3.3 billion of 4.5% guaranteed convertible bonds due 2027 was lowered to HK$58.77 per unit from HK$61.92 per unit.

Link is a Hong Kong-based real estate investment trust that invests in retail and parking facilities. The parent is Link Asset Management Co., Ltd.

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