Fosun expands tender offer to accept any and all bonds due 2022, 2023

By Marisa Wong

Los Angeles, June 22 – China’s Fosun International Ltd. updated its tender offer for two offshore bonds to upsize the offer to an any-and-all offer, according to a press release.

Fosun had launched the tender offer on June 20 with a tender cap of $200 million.

The company is now offering to purchase any and all of its $380 million 5˝% bonds due 2023 putable in August of this year and its €384 million 3.3% bonds due October 2022. These two bonds are the company’s only maturing offshore bonds this year.

The purchase price for both series is par.

The tender offer expires on July 4.

Fosun is a Shanghai-based conglomerate.

© 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.