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China’s NWS Holdings unit begins tender offer for 4¼% notes due 2029
Chicago, April 12 – NWS Holdings Ltd. subsidiary Celestial Dynasty Ltd. launched a tender offer to purchase for cash its $650 million 4¼% guaranteed senior notes due 2029 (ISIN: XS2009282539), according to a notice.
The issuer will pay $1,022 per $1,000 note tendered,
The final acceptance amount will be determined at a later time.
Tenders may be subject to proration.
The offer will expire at 11 a.m. ET on April 21. Results will be announced at April 22.
Settlement is planned for April 23.
The issuer is attempting to optimize the capital structure and cost of financing of the guarantor.
UBS AG Hong Kong Branch is the dealer manager (alvin.yeo@ubs.com, victor_c.wong@ubs.com).
Morrow Sodali Ltd. is the tender agent (+44 20 8089 3287, +852 2319 4130, nwsholdings@investor.morrowsodali.com, https://bonds.morrowsodali.com/nwsholdings).
Hong Kong-based NWS Holdings operates businesses in infrastructure, facilities rental, construction-related contracting and public transport.
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