Seazen (01030.HK) Subsidiary New Metro Global Completes US$167.98 Million Buyback of 4.5% 2026 Notes; US$236.02 Million Remain Outstanding

Bulletin Express03-11

Seazen Group Limited (01030.HK) announced that its British Virgin Islands–incorporated subsidiary, New Metro Global Limited, has settled the previously launched cash tender offer for its 4.5% guaranteed senior notes due May 2026 (ISIN: XS2290806285).

New Metro Global accepted and repurchased US$167.98 million in aggregate principal amount of the May 2026 Notes, which were cancelled on 10 March 2026. Following cancellation, US$236.02 million in principal remains outstanding.

The company also corrected the accrued interest figure disclosed in the 6 March 2026 results announcement: accrued interest is US$4.75 per US$1,000 principal amount of outstanding notes.

All documents related to the tender offer are available on the designated offer website (https://deals.is.kroll.com/seazen).

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