[ET Net News Agency, 10 July 2019] Times China Holdings Limited (01233) said the
company will issue senior notes in an aggregate principal amount of US$400 million, which
will mature on 16 July 2023.
The notes will bear interest from and including 16 July 2019 at a rate of 6.75% per
annum payable semi-annually in arrears on 16 January and 16 July of each year, commencing
on 16 January 2020. The offering price of the notes will be 100% of the principal amount
of the notes.
The company intends to use the net proceeds for refinancing certain of its existing
indebtedness and for general corporate purposes. (RC)