E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers H > Headlines for Huishang Bank Corp Ltd. > News item
Published on 8/30/2018 in the Prospect News Emerging Markets Daily.

Huishang trims conversion price for offshore preference shares

By Marisa Wong

Morgantown, W.Va., Aug. 30 – China’s Huishang Bank Corp. Ltd. lowered the conversion price for its 5½% non-cumulative perpetual offshore preference shares to HK$4.03 per H share from HK$4.44 per H share, according to a notice.

The adjustment, due to a bonus issue, is effective from Aug. 29.

As previously reported, the Hefei, China-based bank priced $888 million of the 5½% perpetual offshore preference shares on Nov. 10, 2016 with a conditional conversion option.


© 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.