Minmetals Land (HKG:0230) said more than two thirds of holders of its 4.95% bonds due 2026 accepted its offer to buy back the notes, according to a Hong Kong bourse filing Thursday.
The firm said it received valid acceptances for $251.2 million of the previously issued bonds in the amount of $300 million.
The firm said it had $48.8 million of the bonds remaining after the cancellation of the accepted notes.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.