China Agri unit Glory River redeems HK$2.67 billion 1% convertibles

By Susanna Moon

Chicago, July 29 - Glory River Holdings Ltd. said investors tendered HK$2,668,500,000 of its HK$3,875,000,000 1% guaranteed convertible bonds due 2015 guaranteed by China Agri-Industries Holdings Ltd.

The issuer redeemed HK$2,668,500,000 principal amount of the bonds at the early redemption amount of HK$103,076.01 for each HK$100,000 principal amount, according to a company press release.

After settlement, there is HK$1,206,500,000 of the notes outstanding.

Glory River is a subsidiary of China Agri-Industries, which is the Hong Kong unit of China's food manufacturer and trader, Cofco Ltd.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.