Summary
[Scenic Holdings: Overseas Subsidiary Completes Redemption of About 160 Million USD Offshore Dollar Bonds]Newtown Holdings (601155) issued an announcement on the evening of February 20, stating that the company’s overseas subsidiary, Newtown Global, completed the total amount of overseas issuance on June 20, 2018 The company provided an unconditional and irrevocable joint and several liability guarantee for the $200 million unsecured fixed-rate bond. In order to promote the long-term and stable development of the company, based on its confidence in its own value and future development, the company combined with the current actual operation and financial conditions, and the above-mentioned US dollar bonds were redeemed and cancelled by Xincheng Global in advance. (China Securities Journal)
Newtown Holdings(601155) Released on the evening of February 20announcementAccording to the company’s overseas subsidiary, Xincheng Global, on June 20, 2018, it completed the overseas issuance of unsecured fixed assets with a total amount of 200 million US dollars.interest rateBonds, the company provides unconditional irrevocable joint and several liabilityguarantee guarantee. In order to promote the long-term and stable development of the company, based on its confidence in its own value and future development, the company combined with the current actual operation and financial conditions, and the above-mentioned US dollar bonds were redeemed and cancelled by Xincheng Global in advance.
According to the announcement, during the bond redemption declaration period, investors declared a total of about US$160 million in US dollar bonds. On February 18, 2022, the company paid the principal and accrued and unpaid interest at the original price of the bond, and cancelled the redeemed USD bond on the same day in accordance with the relevant regulations and bond terms.
The announcement pointed out that as of the announcement date, the remaining principal of the current USD bond is about 40.49 million US dollars, and the company will repay the principal and interest on March 20, 2022.
(Article source: Chinasecuritiesnewspaper)