Brief: Yuzhou Group Updates On $500 Million 8.5% Senior Notes Due 2023

Yuzhou group Co

07/03/2022 15:10

March 7 (Reuters) - Yuzhou Group Holdings Co Ltd  1628.HK :
    * UPDATES ON US$500 MILLION 8.5% SENIOR NOTES DUE 2023
    * HAS NOT RECEIVED ANY NOTICE REGARDING ACCELERATION ACTION
BY
HOLDERS OF 2023 II NOTES AS AT MARCH 7
    * NON-PAYMENT HAS CAUSED AN EVENT OF DEFAULT UNDER 2023 II
NOTES
    * INTEREST ON 8.5% SENIOR NOTES DUE 2023 OF US$21.3 MILLION
BECAME
DUE AND PAYABLE ON 4 FEB
    * COMPANY HAD A GRACE PERIOD OF 30 DAYS TO PAY INTEREST TO
AVOID
AN EVENT OF DEFAULT, GRACE PERIOD HAS EXPIRED

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS1pBv33
Further company coverage:  1628.HK 

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