China’s Zhongrong accepts tenders for all $200 million of 7.6% notes

By Sarah Lizee

Olympia, Wash., June 24 – Zhongrong International Bond 2018 Ltd. announced the results of its tender offer for any and all of its $200 million of 7.6% guaranteed notes due 2020.

The offer period ran from June 14 to June 21.

As of the expiration time, the issuer received valid tenders for all $200 million of the notes.

Zhongrong said it is accepting all validly tendered notes.

The tender consideration payable on June 26 was set at par plus accrued interest.

The company said the purpose of the tender offer was to improve its debt structure.

D.F. King Ltd. (+44 20 7920 9700, +852 3953 7231 or zhongrong@dfkingltd.com) was the tender agent.

Zhongrong International is a Hong Kong-based investment firm.

© 2015 Prospect News.
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