China Resources Land Redeems $1.05 Billion Securities

MT Newswires Live12-10

China Resources Land (HKG:1109) completed the redemption of $1.05 billion worth of subordinated perpetual capital securities, according to a Monday filing with the Hong Kong Bourse.

The bonds were issued under the $3.90 billion medium term bond program, the filing said.

After the redemption, the securities will be withdrawn from the Stock Exchange on Dec. 17.

The company´s shares were down over 2% at the close of trade.

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