Greentown China Holdings (HK:3900) has released an update.
Greentown China Holdings Limited has announced a tender offer inviting bondholders to sell back their 2.3% credit enhanced bonds due in 2025 before the expiration deadline of September 10, 2024. The company is offering to repurchase the bonds at the purchase price of US$1,000 for each US$1,000 in principal, plus accrued and unpaid interest, with the condition that the bonds are in minimum denominations of US$200,000. This strategic financial move affects bonds with an aggregate outstanding principal amount of US$100 million, and Greentown has the discretion to amend or terminate the offer as stipulated in the tender offer memorandum.
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