Guangdong - Hong Kong Greater Bay Area Holdings (HKG:1396) secured consents from the holders of 98.33% of the aggregate principal amount of its outstanding US dollar bonds due 2029, according to a Wednesday filing with the Hong Kong bourse.
The consents waived any potential default related to missed interest payments due on April 28.
They also amended the bond terms to suspend interest accrual from April 28, 2024, until maturity, introduced a redemption option, and released certain subsidiary guarantors.
The bonds were issued in April and September 2023.
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