China Logistics to issue $100 million 6.95% convertibles due 2025

By Rebecca Melvin

New York, July 31 – China Logistics Property Holdings Co., Ltd. is planning to issue $100 million convertible bonds due 2025 with a 6.95% coupon, according to a company announcement.

The company and purchaser of the bonds have decided not to list the bonds on the Hong Kong stock exchange and entered into a supplemental subscription agreement dated July 31 in relation to the deletion of the listing condition.

The Cayman Islands incorporated company is an investment holding company, which develops and leases storage facilities and provides related management services in China.

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