Times China launches consent solicitation to amend and waive defaults on 2027 mandatory convertible bonds; outstanding principal totals US$1 billion for MCB I and US$303 million for MCB II

Reuters03-26
<a href="https://laohu8.com/S/01233">Times China</a> launches consent solicitation to amend and waive defaults on 2027 mandatory convertible bonds; outstanding principal totals US$1 billion for MCB I and US$303 million for MCB II
  • Times China launched a consent solicitation for its zero coupon secured guaranteed mandatory convertible bonds due 2027, covering MCB I and MCB II.
  • The proposal seeks bondholder approval to amend the trust deeds to remove a March 31, 2026 sunset date tied to events of default carve-outs for “Excluded Offshore Indebtedness.”
  • Bondholders are also asked to waive certain actual or potential defaults, including any failure to pay cash interest on short-term notes due on or before March 30, 2026.
  • The outstanding principal amounts are USD 1.01 billion for MCB I and USD 302.67 million for MCB II.
  • The electronic consent deadline is 4:00 p.m. London time on April 16, 2026, and meetings are scheduled for April 20, 2026 in Hong Kong.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Times China Holdings Limited published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: L36TSQNTCBXLIWH5) on March 26, 2026, and is solely responsible for the information contained therein.

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