Hong Kong's Lai Sun Development to launch exchange offer for $493 million notes due 2026
15/06/2026 24:47
Hong Kong's Lai Sun Development to launch exchange offer for $493 million notes due 2026 June 15 (Reuters) - Hong Kong developer Lai Sun Development 0488.HK announced an exchange offer for its outstanding $493 million 5.00% guaranteed notes due 2026 on Monday, inviting eligible noteholders to exchange their holdings for new U.S. dollar-denominated senior guaranteed notes.
The new notes will bear interest at 8% per annum, higher than the 5% rate on the existing notes, the company said.
(Reporting by Roshan Thomas in Bengaluru; editing by Rashmi Aich)
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