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19 — Swire Pacific News Story

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Brief: Swire Pacific Executes Accelerated Exchange Trade In Relation To Bonds

BRIEF-Swire Pacific Executes Accelerated Exchange Trade In Relation To Bonds

- Swire Pacific Ltd 0019.HK:

  • ACCELERATED EXCHANGE TRADE IN RELATION TO BONDS

  • REPURCHASES HK$4,689 MILLION IN BONDS AT 109.08% OF PRINCIPAL

  • EXECUTES ACCELERATED EXCHANGE TRADE

  • SELLS 362.6 MILLION CATHAY PACIFIC SHARES AT HK$13.20 PER SHARE

  • EXPECTS GAIN OF HK$1,118 MILLION FROM SHARE PLACEMENT

  • EXPECTS NET GAIN OF HK$704 MILLION FROM ACCELERATED EXCHANGE TRADE

Further company coverage: 0019.HK


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

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