China Education Holdings (00839.HK) completed the partial redemption of its HK $2.355 billion convertible bonds due in 2024

2022-05-01 0 By

China Education Holdings LTD. (00839.HK) announced on March 28 that the company will issue HK $2.355 billion 2.0 per cent convertible bonds due in 2024.The company has today completed the redemption of hk $1.544 billion of convertible notes at face value from internal resources.The company has previously purchased and cancelled the principal of hk $692 million convertible bonds and redeemed the principal of HK $1.544 billion convertible bonds today, accounting for about 94.95% of the total principal of the original convertible bonds.The remaining principal amount of hk $119 million convertible bonds will mature in March 2024, accounting for about 5.05% of the total principal amount of the original convertible bonds.