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1378 — China Hongqiao News Story

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Brief: China Hongqiao To Issue RMB10.2 Bln USD Settled Zero Coupon Convertible Bonds Due 2027

April 28 (Reuters) - China Hongqiao Group Ltd 1378.HK:

TO ISSUE RMB10.2 BILLION USD SETTLED ZERO COUPON CONVERTIBLE BONDS DUE 2027

INITIAL CONVERSION PRICE SET AT HK$43.90, 25.3% PREMIUM TO APRIL 27 CLOSE

NET PROCEEDS TO FUND BAUXITE PROCUREMENT, DEBT REFINANCING, OVERSEAS PROJECTS, SHARE REPURCHASES

Further company coverage: 1378.HK

 ((Reuters.Briefs@thomsonreuters.com;))

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