Haier’s Well Hope Development to redeem 3 7/8% perpetuals on Oct. 19

By Mary-Katherine Stinson

Lexington, Ky., Sept. 2 – Well Hope Development Ltd. will redeem in full all $1 billion outstanding 3 7/8% guaranteed perpetual capital securities (ISIN: XS1689434824) guaranteed by Haier Group Corp. on the call date of Oct. 19, according to a notice.

Unpaid interest including any arrears of distribution and additional distribution will also be paid.

There will be no outstanding notes after the redemption and the notes will be canceled and delisted.

Well Hope Development, a subsidiary of Haier Group, operates as a consumer electronics and household appliances manufacturer in China.

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