Tingyi (Cayman Islands) Holding Corp. (00322) said the company will issue senior notes in an aggregate principal amount of US$500 million, which will mature on 24 September 2025.
The offering price will be 99.466% of the principal amount of the notes. The notes will bear interest from and including 24 September 2020 at the rate of 1.625% per annum, payable semi-annually in arrears on 24 March and 24 September in each year commencing on 24 March 2021.
The company intends to use the proceeds to refinance certain of its existing indebtedness and for other general corporate purposes.
18/09/2020 14:17
Tingyi (00322) to issue US$500 million senior notes
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