General Announcement::PAYMENT OF INTEREST RELATING TO THE NOTES

Issuer & Securities

Issuer/ Manager
MODERN LAND (CHINA) CO., LIMITED
Securities
MODLDUS$370M9% 11%N251230A - XS2502825594 - ZOVB
MODLDUS$90M7% 9%N231230A - XS2502821684 - OOVB
MODLDUS$90M7% 9%N231230R - XS2500896860 - FNGB
MODLDUS$370M9% 11%N251230R - XS2500898486 - 9NMB
MODLDUS$90M7% 9%N231230D - XS2502824431 - WMTB
MODLDUS$220M8% 10%N241230A - XS2502824944 - EBNB
MODLDUS$370M9% 11%N251230D - XS2502825834 - EHSB
MODLDUS$220M8% 10%N241230R - XS2500897678 - JVUB
MODLDUS$220M8% 10%N241230D - XS2502825164 - XR3B
MODLDUS$490M9% 11%N261230A - XS2502826725 - NBIB
MODLDUS$490M9% 11%N261230R - XS2500899294 - MJUB
MODLDUS$490M9% 11%N261230D - XS2502827616 - SJBB
MODLDUS$720M9% 11%N271230A - XS2502827889 - MTHB
MODLDUS$720M9% 11%N271230R - XS2500899880 - 51XB
MODLDUS$720M9% 11%N271230D - XS2502828267 - MSNB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
30-Jun-2023 22:36:27
Status
New
Announcement Sub Title
PAYMENT OF INTEREST RELATING TO THE NOTES
Announcement Reference
SG230630OTHRBMHJ
Submitted By (Co./ Ind. Name)
Modern Land (China) Co., Limited / Zhang Peng
Designation
Chairman, President and Executive Director
Description (Please provide a detailed description of the event in the box below)
The Company hereby announces that pursuant to the indenture dated 30 December 2022 in respect of the 2023 Notes, as at the interest payment date of 30 June 2023 (the "Interest Payment Date"):

(i) no cash interest is payable in respect of the 2023 Notes as at the Interest Payment Date;

(ii) the total amount of payment-in-kind interest (the "PIK Interest") payable as at the Interest Payment Date in relation to the 2023 Notes is US$3,530,983; and

(iii) the payment of the PIK Interest increases the outstanding principal amount of the 2023 Notes as at the Interest Payment Date from US$78,466,254 to US$81,997,237.

Pursuant to the indenture dated 30 December 2022 in respect of the 2024 Notes, as at the Interest Payment Date:

(i) no cash interest is payable in respect of the 2024 Notes as at the Interest Payment Date;

(ii) the total amount of the PIK Interest payable as at the Interest Payment Date in relation to the 2024 Notes is US$8,902,445; and

(iii) the payment of the PIK Interest increases the outstanding principal amount of the 2024 Notes as at the Interest Payment Date from US$178,048,875 to US$186,951,320.

Pursuant to the indenture dated 30 December 2022 in respect of the 2025 Notes, as at the Interest Payment Date:

(i) no cash interest is payable in respect of the 2025 Notes as at the Interest Payment Date;

(ii) the total amount of the PIK Interest payable as at the Interest Payment Date in relation to the 2025 Notes is US$16,255,935; and

(iii) the payment of the PIK Interest increases the outstanding principal amount of the 2025 Notes as at the Interest Payment Date from US$295,562,439 to US$311,818,374.

Pursuant to the indenture dated 30 December 2022 in respect of the 2026 Notes, as at the Interest Payment Date:

(i) no cash interest is payable in respect of the 2026 Notes as at the Interest Payment Date;

(ii) the total amount of the PIK Interest payable as at the Interest Payment Date in relation to the 2026 Notes is US$21,783,682; and

(iii) the payment of the PIK Interest increases the outstanding principal amount of the 2026 Notes as at the Interest Payment Date from US$396,066,914 to US$417,850,596.

Pursuant to the indenture dated 30 December 2022 in respect of the 2027 Notes, as at the Interest Payment Date:

(i) no cash interest is payable in respect of the 2027 Notes as at the Interest Payment Date;

(ii) the total amount of the PIK Interest payable as at the Interest Payment Date in relation to the 2027 Notes is US$31,626,402; and

(iii) the payment of the PIK Interest increases the outstanding principal amount of the 2027 Notes as at the Interest Payment Date from US$575,025,458 to US$606,651,860.

Attachments

Project Tenacity - SGX PIK Announcement 6.30.pdf
Total size =252K