China Industrial Securities Bond Registration Issue

China Industrial Securities International Financial Group Ltd. (HK:6058) has released an update.

China Industrial Securities International Financial Group Limited has announced a ‘No Registration Event’ for their $300 million floating rate guaranteed bonds due in 2027, as they failed to complete the necessary Cross-Border Security Registration with the State Administration of Foreign Exchange of the PRC. This event triggers a condition that allows bondholders to demand the company to redeem their bonds in full. Shareholders and potential investors are cautioned to be prudent when dealing with the company’s securities.

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