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The latest update is out from Guangdong – Hong Kong Greater Bay Area Holdings Ltd. ( (HK:1396) ).
Guangdong – Hong Kong Greater Bay Area Holdings Ltd. announced the redemption of its variable rate senior notes due in 2029, with all outstanding notes to be redeemed in full at a price equal to 55% of the outstanding principal amount. The redemption will be paid in kind with mandatory convertible bonds totaling approximately $241.5 million. Additionally, eligible holders who have provided consent will receive a paid-in-kind consent fee in the form of mandatory convertible bonds, expected to be paid around June 10, 2025. This move is part of the company’s strategic financial management, potentially impacting its financial structure and stakeholder interests.
More about Guangdong – Hong Kong Greater Bay Area Holdings Ltd.
Guangdong – Hong Kong Greater Bay Area Holdings Ltd. is a company incorporated in the Cayman Islands, focusing on financial instruments such as senior notes and convertible bonds.
Average Trading Volume: 2,301,824
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.56B
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