Huaan Securities to Redeem 2.8 Billion Yuan in Convertible Bonds

MT Newswires Live03-04

Huaan Securities (SHA:600909) said its six-year convertible bonds worth 2.8 billion yuan will mature on March 11, according to a Wednesday filing with the Shanghai bourse.

The bonds' last trading day is March 6, and the last conversion day is March 11.

The company will redeem all outstanding bonds at 107% of face value, with funds to be distributed and the debt securities officially delisted on March 12.

Shares of the brokerage were down 2% in recent trade.

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