Hong Kong’s Nickel Resources seeks approval to amend three note series

By Susanna Moon

Chicago, May 31 – Nickel Resources International Holdings Co. Ltd. is seeking holder consents to amend three series of notes, with meetings to be held June 21 in Hong Kong.

• HK$1,374,800,000 principal amount of 10% bonds due 2015;

• HK$977,475,000 principal amount of 12% secured senior bonds due 2018; and

• HK$325,825,000 principal amount of 8% secured convertible bonds due 2018.

The company is asking holders to approve a debt restructuring proposal and to waive any event of default or potential event of default, according to a company notice.

Quorum requires at least two persons representing at least 66% of the outstanding bonds. In order to pass, the measure requires at least three-quarters of the votes cast.

The tabulation agent is Deutsche Bank AG, Hong Kong Branch (hk.csg@list.db.com). The registrar is Deutsche Bank Luxembourg SA (fax: +352 473 136). The paying agent and transfer agent is Deutsche Bank AG, Hong Kong Branch (+852 2203 8888 or fax +852 2203 7320).

Nickel is an integrated mineral resources, nickel and steel supplier based in Hong Kong. The company was formerly known as China Nickel Resources Holdings Co. Ltd.

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