Huijing Holdings offers to exchange 12½% notes due 2021

Chicago, July 12 – China’s Huijing Holdings Co. Ltd. commenced an exchange offer relating to its 12½% senior notes due 2021 (ISIN: XS2211768473), according to a notice.

Tendering noteholders will receive $1,000 of new notes for $1,000 of old notes, plus interest to the settlement date.

The new notes will have a coupon of at least 12½%.

Exchange instructions are irrevocable.

The company is seeking to extend its debt maturity profile to improve its debt structure.

The exchange deadline is 11 a.m. ET on July 16.

Settlement is expected for July 22.

CMB International Capital Ltd. is the dealer adviser (+852 3761 8990, ProjectChambertin@cmbi.com.hk).

D.F. King & Co., Inc is the information and exchange agent for the offer (+44 20 7920 9700, +852 3953 7208, huijing@dfking.com).

Huijing is a Shanghai-based commercial and residential property developer.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.