Guangdong Hong Kong Greater Bay Area Holdings Ltd. has announced the redemption of its variable rate senior notes due 2029. The company issued a redemption notice to note holders, stating that all outstanding notes will be redeemed in full on June 10, 2025. The redemption will be conducted at a price equal to 55% of the outstanding principal amount, with payments made in kind through the issuance of Mandatory Convertible Bonds totaling a principal amount of approximately US$241.5 million. Additionally, eligible holders who submitted a valid consent prior to the deadline will receive a paid-in-kind consent fee in the form of these bonds, expected to be distributed around the same date.
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