Fosun announced an update on outstanding tender offer to accept Any-and-All for full outstanding principal amount of the Only Two Offshore Bonds Maturing This Year
PR Newswire
22 Jun 2022, 14:12 GMT+10
HONG KONG, June 22, 2022 /PRNewswire/ -- On 22 June, Fosun International Limited ((HKEX stock code: 00656, "Fosun International") announced an update on outstanding tender offer to accept Any-and-All for full outstanding principal amount of its only two offshore bonds maturing this year. The two offshore bonds are FOSUNI 5.5% 2023 US dollar bond puttable in August this year, at the amount about USD380 million, and Euro bond FOSUNI 3.3% 2022 maturing in October this year, at the amount about EUR384 million.
These two bonds are the Company's only maturing offshore bonds this year. The expiration deadline is 4 July 2022 and the purchase price of these two bonds is redeemable at 100% of face value.
On 20 June 2022, Fosun International announced a tender offer to the two above-mentioned offshore bonds, with a cap US$200 million. The company made the announcement to upsize the tender offer to Any-and-All today.
Fosun International maintains a solid financial position, with abundant cash on hand and diversified financing channels to meet future business needs. Fosun has been following the discipline to manage liability in advance and will pursue further liability management exercise for outstanding notes. With the diversified business mix, globalized portfolio, and the strategy of "Profound Industry Operations + Industrial Investment", and Fosun is well-weathered with market risks and shall continue to adhere to a strict financial discipline solidifying our capital base.
SOURCE Fosun
Subscribe and Follow
Get a daily dose of Asia Pacific Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
News RELEASES
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Asia Pacific Star.
More Information
27
℃
U.S.-Taiwan to sign off on agreements based on Initiative on Trade
TAIPEI, Taiwan: Taiwan and the United States are set to sign the first deal under a new trade framework, marking ...
Dr. Yasmin acquitted: Police failed to produce any evidence against her
LAHORE, Pakistan - On Saturday, an anti-terrorism court acquitted Pakistan Tehreek-e-Insaf (PTI) leader Yasmin Rashid of an attack on the ...
Japan suspends official aid for Yangon-Mandalay Railway Development Project
TOKYO, Japan - The Japanese government has suspended official development aid for the Yangon-Mandalay Railway Development Project, a long-standing symbol ...
March-May Everest's climbing season:12 climbers die, 5 still missing on slopes
KATHMANDU, Nepal - A Malaysian mountaineer narrowly survived after a Nepali sherpa guide hauled him down from below Mount Everest's ...
Japan: $26 billion for families to counter declining birth rate
TOKYO, Japan: To counter the declining national birthrate, Japan's Prime Minister Fumio Kishida pledged to double spending over the next ...
Panic, confusion in Seoul after failed North Korea rocket launch
PYONGYANG, North Korea: North Korea attempt failed to launch a satellite on May 31, which prompted raid sirens and a ...
U.S. stock indices eke out minor gains, greenback edges higher
NEW YORK, New York - U.S. stocks were directionless Tuesday as investors had little to digest ahead of next week's ...
After Canadian threats, Facebook, Instagram block some news
MENLO PARK, California: Facebook parent Meta has said that under a trial that could last through the end of June, ...
In first, White House OKs GE assembling military jet engines in India
WASHINGTON D.C.: The Biden administration is expected to approve a deal allowing General Electric to assemble jet engines in India ...
U.S.-Taiwan to sign off on agreements based on Initiative on Trade
TAIPEI, Taiwan: Taiwan and the United States are set to sign the first deal under a new trade framework, marking ...
U.S. stock markets under pressure at start of week
NEW YORK, New York - U.S. stocks started the week under pressure on Monday. "Markets are catching their breath after ...
JPMorgan announces closure of 21 US First Republic Bank bank branches
NEW YORK CITY, New York: A JPMorgan Chase & Co spokesperson has confirmed that as part of the bank's efforts ...
