[ET Net News Agency, 20 September 2018] S E A Holdings (00251) said its wholly-owned
subsidiary King Victory has acquired from the open market the additional bonds issued by
China Evergrande (03333) in the aggregate principal amount of US$31 million (equivalent to
HK$243.133 million).
The annual return of the additional bonds is US$2.732 million (equivalent to HK$21.427
million) which represents a weighted average yield of 9.4% per annum.
The additional bonds consist of two series of senior notes issued by China Evergrande,
the 8.25% senior notes due 2022 in the principal amount of US$11 million, and the 7.5%
senior notes due 2023 in the principal amount of US$20 million. (SC)