Helenbergh China’s 11% notes delisted with $2 million outstanding

By William Gullotti

Buffalo, N.Y., Oct. 6 – Helenbergh China Holdings Ltd. announced that the remaining $2 million of its suspended $270 million 11% senior notes due Oct. 8, 2023 (ISIN: XS2376908344) will be delisted without payment, according to an announcement on Friday.

Trading of the notes has been suspended since Nov. 8, 2022 due to an event of default.

As previously reported Nov. 11, 2022, the outstanding $2 million did not participate in an exchange offer held by the company, precipitated by the default.

The notes will mature as scheduled and be delisted without payment of principal or interest.

Holdout bondholders requiring further information should contact Helenbergh (offshoredept@hlbdc.cn) directly.

The property developer is based in Guangzhou, China.

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