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China Mengniu Dairy holders put HK$729.39 million 3.08% convertibles
By Mary-Katherine Stinson
Lexington, Ky., Dec. 1 – China Mengniu Dairy Co. Ltd. said that holders of HK$729.39 million of its HK$4,862,600,000 3.08% convertibles due 2026 (ISIN: XS2407821201) exercised their put option, according to a notice.
The repurchases represent 15% of the initial principal.
The repurchased bonds have been canceled.
As previously reported, the Regulation S bonds are putable at the option of the holders on the fifth trading day each year before Nov. 26.
Following the completion of the transaction, the outstanding principal amount of the bonds will be HK$3,646,950,000.
China Mengniu is a Hong Kong-based dairy company.
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