CSI Properties Subsidiary to Issue New Debts to Purchase 2025 Notes
MT Newswires Live
May 14
CSI Properties (HKG:0497) wholly owned subsidiary Estate Sky or ESL will issue new debts with maturity of three years, according to a Wednesday filing with the Hong Kong bourse.
The net proceeds from the issuance will be used to fund the purchase of the 2025 debts validly tendered in accordance with an offer to purchase the debts up to the maximum acceptance amount, the filing said.
CSI is offering to purchase for cash the 2025 debts at a purchase price of $1,000 for every $1,000 principal amount of the debts.
As of May 13, the principal outstanding amount of the 2025 debts is $296.1 million, the filing said.
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