CIFI HOLD GP (00884) Over $815 Million in Mandatory Convertible Bonds Converted; First Periodic Mandatory Conversion Not Triggered

Stock News
02/02

CIFI HOLD GP (00884) announced that the record date for the first periodic mandatory conversion occurred on January 29, 2026, which is the calendar date one month following the issuance date. According to the trust deed, if the aggregate principal amount of mandatory convertible bonds converted on or before January 29, 2026, did not exceed 20% of the total principal amount of the mandatory convertible bonds (equivalent to approximately $815 million), a periodic mandatory conversion would be triggered, forcing the conversion of a portion of the bonds. Given that the actual principal amount of mandatory convertible bonds converted on or before January 29, 2026, had already surpassed $815 million, no periodic mandatory conversion will occur for this first record date.

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