Shanghai Shimao (SHA:600823) will repay holders of its H19 Shimao 3 bonds 0.35% of the principal, 0.35% of the capitalized interest of the bond, and 0.35% of the principal redemption amount for interest gained from Dec. 28, 2023 to June 28, 2024, The Paper reported Thursday.
The bonds have an issuance size of 500 million yuan and a 4.15% coupon with an original three-year term, extended to 7.61 years, the report said.
The principal repayment period was also adjusted to 48 months, while the principal is redeemable in 11 installments, the report said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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