China Merchants Land redeems remaining 0.5% convertibles due 2020

By Marisa Wong

Morgantown, W.Va., Sept. 27 – Cosmos Boom Investment Ltd. redeemed all $20.2 million of its outstanding 0.5% convertible bonds due 2020 guaranteed by China Merchants Land Ltd. on Sept. 27, according to a notice.

Cosmos Boom originally issued $290 million of the 0.5% guaranteed convertibles and redeemed $269.8 million of the bonds under a put option exercise in June.

Hong-Kong-based China Merchants is a real estate development company focused on properties in mainland China.

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