China’s State Power to redeem $500 million perpetuals on Nov. 21

By Mary-Katherine Stinson

Lexington, Ky., Oct. 7 – SPIC 2018 USD Senior Perpetual Bond Co. Ltd. will fully redeem its $500 million senior guaranteed perpetual capital securities guaranteed by State Power Investment Corp. Ltd. on the call date of Nov. 21, according to a listing notice.

The securities will be redeemed at par plus any accrued distribution.

Upon redemption, there will be no securities left in the issue and they will be delisted from the Stock Exchange of Hong Kong Ltd.

The issuer is a subsidiary of Beijing-based State Power Investment, which is an electricity generation company 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.