General Announcement::Launch of exchange offer and new issue
Issuer & Securities
AMTD INTERNATONAL INC.
AMTD INTERNATIONAL INC. OV - KYG2957E1017 - HKB
Date &Time of Broadcast
Announcement Sub Title
Launch of exchange offer and new issue
Submitted By (Co./ Ind. Name)
Description (Please provide a detailed description of the event in the box below)
AMTD International Inc. (NYSE: HKIB / SGX: HKB, the "Company"), has mandated AMTD and The Bank of East Asia, Limited as Joint Dealer Managers in relation to its invitation to the holders (each, a "Holder") of the outstanding U.S.$200,000,000 7.625 per cent. Senior Perpetual Securities (ISIN: XS1619157859) issued by AMTD Group Company Limited (the "Existing Securities") to exchange any and all of their Existing Securities for newly issued U.S. dollar denominated senior perpetual securities (the "New USD Securities") or Singapore dollar denominated senior perpetual securities (the "New SGD Securities" and, together with the New USD Securities, the "New Securities") to be issued by the Company under its US$1bn MTN Programme (the "Programme")(the "Exchange Offer"). The Exchange Offer is being made by the Company on the terms and subject to the conditions set out in the exchange offer memorandum dated April 23, 2020 (the "Exchange Offer Memorandum"). The Company may further issue additional New USD Securities and/or New SGD Securities (the "New Money Securities") which, if issued, any such additional New USD Securities will be consolidated and immediately fungible with the New USD Securities issued pursuant to the Exchange Offer and any such additional New SGD Securities will be consolidated and immediately fungible with the New SGD Securities issued pursuant to the Exchange Offer, as described in the Exchange Offer Memorandum. The issuance of any New Money Securities is subject to market conditions.
The purpose of the Exchange Offer is to refinance the Existing Securities, to improve the overall debt structure of the Existing Securities Issuer and the Company and its subsidiaries collectively and to strengthen the Company's balance sheet profile and cash flow management.
AMTD Exchange Offer Launch Announcement SGX.pdf
Total size =585K