Zhongsheng Group to redeem HK$977 million convertibles due 2023

By Taylor Fox

New York, March 31 – Zhongsheng Group Holdings Ltd. plans to redeem its outstanding HK$977 million of HK$4.7 billion zero coupon convertible bonds due 2023 (ISIN: XS1819550663), according to a company announcement.

The bonds will be redeemed in full on May 24 at the early redemption amount of HK$1,085,470.82 per HK$1 million of bonds.

The Bank of New York Mellon, London Branch is the trustee.

Zhongsheng Group is an automobile dealership company based in Beijing.

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