Brief: Yuzhou Updates On 8.50% Senior Notes Due 2024, 7.70% Senior Notes Due 2025, 7.85% Green Senior Notes Due 2026

Yuzhou group Co

31/03/2022 16:19

March 31 (Reuters) - Yuzhou Group Holdings Co Ltd  1628.HK :
    * UPDATES ON 8.50% SENIOR NOTES DUE 2024, 7.70% SENIOR NOTES
DUE
2025, 7.85% GREEN SENIOR NOTES DUE 2026
    * INTEREST ON 2024 NOTES, 2025 II NOTES, 2026 II NOTES
BECAME DUE
AND COMPANY DID NOT MAKE PAYMENT BY EXPIRY
    * NON-PAYMENT HAS CAUSED AN EVENT OF DEFAULT UNDER 2024
NOTES,
2025 II NOTES AND 2026 II NOTES
    * NOT RECEIVED ANY NOTICE REGARDING ACCELERATION ACTION BY
HOLDERS
OF NOTES
    * IF AN ACCELERATION EVENT OCCURS, AN EVENT OF DEFAULT WILL
OCCUR
WITH RESPECT TO CERTAIN OTHER DEBT SECURITIES
    * TRADING IN 2024 NOTES, 2025 II NOTES AND 2026 II NOTES,
AND
6.00% SENIOR NOTES DUE 2023 WILL BE SUSPENDED WITH EFFECT FROM 1
APRIL
    * AS OF DATE, NO EVENT OF DEFAULT HAS OCCURRED UNDER ANY OF
OTHER
LISTED DEBT SECURITIES

Source text for Eikon:  ID:nHKS2qB3XD 
Further company coverage:  1628.HK 

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