Hong Kong’s Skyfame delays meetings for 0.1% bonds by five weeks

By Susanna Moon

Chicago, Aug. 22 – Skyfame Realty (Holdings) Ltd. has adjourned the Tuesday meetings for holders of its 0.1% bonds issued in several tranches.

The meetings have been rescheduled for Sept. 19 in Hong Kong, according to a company notice.

As announced July 31, Skyfame issued meeting notices for its HK$270 million 0.1% series 002 bonds due 2024, HK$470 million 0.1% series 003 bonds due 2031, HK$20 million 0.1% series 004 bonds due 2024, HK$100 million 0.1% series 005 bonds due 2031, HK$80 million 0.1% series 006 bonds due 2025, HK$960 million 0.1% series 007 bonds due 2032, HK$30 million 0.1% series 008 bonds due 2026 and HK$320 million 0.1% series 009 bonds due 2033.

Skyfame is asking holders to approve the proposed modification of the restriction on incurring debt under the net gearing ratio by raising the threshold to 95% from 60%.

Deutsche Bank AG, Hong Kong Branch is the fiscal agent, paying agent and transfer agent. Deutsche Bank Luxembourg SA is the registrar.

Skyfame Realty is a Hong Kong-based investment holding company focused on property development.

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