Brief: Shimao Services' Updates On HK$3.11 Billion 2.25% Guaranteed Convertible Bonds Due 2022

Shimao Services Holdings

06/07/2022 14:52

July 6 (Reuters) - Shimao Services Holdings Ltd  0873.HK :
    * UNIT INTENDS TO REPAY PRINCIPAL AMOUNT OF HK$3.11 BILLION
2.25%
GUARANTEED CONVERTIBLE BONDS DUE 2022 ON MATURITY DATE AS
SCHEDULED
    * UNIT IS INVITING BENEFICIAL OWNERS OF BONDS TO APPROVE
PROPOSED
WAIVER IN RESPECT TO BONDS
    * AS OF DATE OF CONSENT SOLICITATION MEMORANDUM, HK$3.11
BILLION
IN AGGREGATE PRINCIPAL AMOUNT OF BONDS ARE OUTSTANDING
    * UNIT IS CONDUCTING CONSENT SOLICITATION TO SEEK WAIVERS OF
ITS
REDEMPTION OBLIGATIONS TRIGGERED UNDER BONDS

Source text for Eikon:  ID:nHKS3WMyBD 
Further company coverage:  0873.HK 

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