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Prospect News home > News index > List of issuers F > Headlines for Far East Consortium International Ltd. > News item
Published on 7/13/2021 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Far East Consortium plans buyback of last $236.63 million 3¾% notes

By Rebecca Melvin

Concord, N.H., July 13 – Hong Kong’s Far East Consortium International Ltd. plans to repurchase its existing $236.63 million of 3¾% notes due 2021 (ISIN: XS1485805532) in on-market transactions, according to a company release.

The amount outstanding represents 78.88% of the issue, which was originally $300 million when it priced on Sept. 8, 2016.

Concurrently the company priced a $150 million add-on to its 5.1% notes due 2024.

The existing 3¾% notes repurchased are expected to be canceled as soon as practicable.

Far East Consortium is a Hong Kong-based business conglomerate with interests in property development, hospitality and car park operations.


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