Kowloon-Canton amends $2.85 billion of notes

By Laura Lutz

Des Moines, Oct. 18 - Kowloon-Canton Railway Corp. amended $2.85 billion of medium-term notes, according to a 6-K filing with the Securities and Exchange Commission.

The notes were amended in connection with a proposed merger between Kowloon-Canton and MTR Corp. Ltd.

The affected notes were: $1 billion of 7¼% notes due 2009, $300 million of 3% notes due 2008, $700 million of 4.8% notes due 2013, $800 million of 4.65% notes due 2013 and $50 million of 7.77% notes due 2014.

The 7¼%, 3%, 4.8% and 4.65% notes were amended at meetings on Oct. 16. Consent solicitations for those notes launched on Sept. 10.

A consent solicitation for the 7.77% notes was announced on Oct. 9. All holders of the 7.77% notes agreed to the amendment on Oct. 12.

Kowloon-Canton is a railway operator based in Hong Kong.

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