Swire Pacific Adjusts Exchange Price on HK$4.70 Billion Zero-Coupon Bonds After Cathay Pacific Dividend

Bulletin Express08-05

Swire Pacific Limited announced an automatic adjustment to the exchange price of its HK$4.70 billion zero-coupon exchangeable bonds due 2027, triggered by Cathay Pacific Airways’ declaration of a HK$0.26 interim dividend for the financial year ending 31 December 2026.

Effective 5 September 2026—the trading day immediately after the 4 September record date for Cathay Pacific’s dividend—the exchange price will be reduced from HK$13.18 to HK$12.93 per Cathay Pacific share.

With the principal amount of bonds outstanding unchanged at HK$4.70 billion, the lower exchange price increases the maximum number of Cathay Pacific shares deliverable upon full exchange to 363.50 million, up from 356.60 million previously. The revised share count represents approximately 6.0 % of Cathay Pacific’s current issued share capital.

Under the bond terms, the number of Cathay Pacific shares receivable on any exchange is calculated by dividing the principal amount surrendered by the prevailing exchange price.

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.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1108146933?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-08-05 16:57","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1108146933","market":"us","top_or_hot":-1,"title":"Swire Pacific Adjusts Exchange Price on HK$4.70 Billion Zero-Coupon Bonds After Cathay Pacific Dividend","media":"Bulletin Express","content":"<p>Swire Pacific Limited announced an automatic adjustment to the exchange price of its HK$4.70 billion zero-coupon exchangeable bonds due 2027, triggered by Cathay Pacific Airways’ declaration of a HK$0.26 interim dividend for the financial year ending 31 December 2026.</p>\n<p>Effective 5 September 2026—the trading day immediately after the 4 September record date for Cathay Pacific’s dividend—the exchange price will be reduced from HK$13.18 to HK$12.93 per Cathay Pacific share.</p>\n<p>With the principal amount of bonds outstanding unchanged at HK$4.70 billion, the lower exchange price increases the maximum number of Cathay Pacific shares deliverable upon full exchange to 363.50 million, up from 356.60 million previously. The revised share count represents approximately 6.0 % of Cathay Pacific’s current issued share capital.</p>\n<p>Under the bond terms, the number of Cathay Pacific shares receivable on any exchange is calculated by dividing the principal amount surrendered by the prevailing exchange price.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Swire Pacific Adjusts Exchange Price on HK$4.70 Billion Zero-Coupon Bonds After Cathay Pacific Dividend</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSwire Pacific Adjusts Exchange Price on HK$4.70 Billion Zero-Coupon Bonds After Cathay Pacific Dividend\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1053168898\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Bulletin Express </p>\n<p class=\"h-time\">2026-08-05 16:57</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Swire Pacific Limited announced an automatic adjustment to the exchange price of its HK$4.70 billion zero-coupon exchangeable bonds due 2027, triggered by Cathay Pacific Airways’ declaration of a HK$0.26 interim dividend for the financial year ending 31 December 2026.</p>\n<p>Effective 5 September 2026—the trading day immediately after the 4 September record date for Cathay Pacific’s dividend—the exchange price will be reduced from HK$13.18 to HK$12.93 per Cathay Pacific share.</p>\n<p>With the principal amount of bonds outstanding unchanged at HK$4.70 billion, the lower exchange price increases the maximum number of Cathay Pacific shares deliverable upon full exchange to 363.50 million, up from 356.60 million previously. The revised share count represents approximately 6.0 % of Cathay Pacific’s current issued share capital.</p>\n<p>Under the bond terms, the number of Cathay Pacific shares receivable on any exchange is calculated by dividing the principal amount surrendered by the prevailing exchange price.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00019","symbol_name":"太古股份公司A","start_time":0,"source_url":"","article_id":"1108146933","we_media_id":"1053168898","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1108146933","pubTimestamp":1785920223,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Bulletin Express","introduction":"Full Coverage of HK & US Stock Announcements","home_visible":1,"id":"1053168898","head_image":"https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e"},"summary":"Swire Pacific Limited announced an automatic adjustment to the exchange price of its HK$4.70 billion zero-coupon exchangeable bonds due 2027, triggered by Cathay Pacific Airways’ declaration of a...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"00019":"太古股份公司A"},"translate_title":"太古公司在国泰航空派息后调整47亿港元零息债券的交易价格","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00019":1},"content_text":"Swire Pacific Limited announced an automatic adjustment to the exchange price of its HK$4.70 billion zero-coupon exchangeable bonds due 2027, triggered by Cathay Pacific Airways’ declaration of a HK$0.26 interim dividend for the financial year ending 31 December 2026.\nEffective 5 September 2026—the trading day immediately after the 4 September record date for Cathay Pacific’s dividend—the exchange price will be reduced from HK$13.18 to HK$12.93 per Cathay Pacific share.\nWith the principal amount of bonds outstanding unchanged at HK$4.70 billion, the lower exchange price increases the maximum number of Cathay Pacific shares deliverable upon full exchange to 363.50 million, up from 356.60 million previously. The revised share count represents approximately 6.0 % of Cathay Pacific’s current issued share capital.\nUnder the bond terms, the number of Cathay Pacific shares receivable on any exchange is calculated by dividing the principal amount surrendered by the prevailing exchange price.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"SGX","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.47.1","shortVersion":"4.47.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1108146933","isCrawlerRequest":true}