China Jinmao calls Franshion’s $500 million 6% capital securities

New York, Jan. 5 – China Jinmao Holdings Group Ltd. will redeem the $500 million of 6% subordinated guaranteed perpetual capital securities issued by subsidiary Franshion Brilliant Ltd., according to a notice.

The securities will be repaid on Feb. 4 at par plus accrued distributions up to but excluding the redemption date.

Franshion issued the securities in 2016.

China Jinmao is a Hong Kong-based investment holding company that invests in and develops real estate in mainland China.

© 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.