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China Jinmao calls Franshion’s $500 million 4% capital securities
By Mary-Katherine Stinson
Lexington, Ky., Dec. 2 – Franshion Brilliant Ltd. will redeem its $500 million 4% senior perpetual capital securities guaranteed by China Jinmao Holdings Group Ltd., according to a notice.
The securities are being redeemed at par plus any distributions accrued to but excluding the Jan. 3 redemption date, which is the first reset date.
Upon completion of the redemption, there will be no further outstanding securities, and they will be withdrawn from listing on the Stock Exchange of Hong Kong Ltd.
Franshion issued the securities July 3, 2017.
China Jinmao is a Hong Kong-based investment holding company that invests in and develops real estate in mainland China.
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