Luso International calls $343.2 million subordinated notes due 2027

By Mary-Katherine Stinson

Lexington, Ky., June 14 – Luso International Banking Ltd. will redeem in full its outstanding $343.2 million 5 3/8% subordinated capital notes due 2027, according to a notice.

The total issue is comprised of the $93.2 million of notes issued on March 28, 2018, consolidated and forming a single series with $250 million of the notes issued on Dec. 28, 2017.

The notes will be redeemed on June 28 at par plus accrued interest to but excluding the reset date.

After redemption, there will be no notes outstanding and they will be delisted from the Hong Kong Stock Exchange.

The bank is a full-service bank, which operates primarily in Macau.

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