REPL::General Announcement::ZHONGRONG INTERNATIONAL BOND 2016 LIMITED SETTLEMENT OF THE EXCHANGE OFFER AND THE NEW MONEY NOTES

Issuer & Securities

Issuer/ Manager
ZHONGRONG INTERNATIONAL BOND 2016 LIMITED
Securities
ZHONGRONG US$500M6.95%N190621 - XS1432550694 - 4G6B
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
21-May-2019 10:24:53
Status
Replacement
Announcement Sub Title
ZHONGRONG INTERNATIONAL BOND 2016 LIMITED SETTLEMENT OF THE EXCHANGE OFFER AND THE NEW MONEY NOTES
Announcement Reference
SG190510OTHR8USM
Submitted By (Co./ Ind. Name)
Charlotte Huang
Designation
Legal Manager
Effective Date and Time of the event
21/05/2019 09:00:00
Description (Please provide a detailed description of the event in the box below)
On 10 May 2019, as contemplated by the Results Announcement, Zhongrong International Bond 2016 Limited would like to supplement such announcement with the following additional information.

The New Notes Rate of Interest will be 7.60 per cent. per annum. The aggregate principal amount of New Money Notes to be issued by the New Notes Issuer on the settlement date is US$82,770,000. The New Money Notes and the New Exchange Notes will be consolidated and form a single series (together, the "New Notes"). After such consolidation, the aggregate principal amount of the New Notes expected to be issued on the settlement date will be US$301,410,000.

On 21 May 2019, Zhongrong International Bond 2016 announces that the Exchange Offer has settled and the New Notes were issued on 20 May 2019. The aggregate principal amount of New Notes issued by the New Notes Issuer on the Settlement Date, being the aggregate principal amount of New Exchange Notes issued aggregated with the aggregate principal amount of New Money Notes issued, was US$301,410,000. Pursuant to the Exchange Offer, the Issuer exchanged US$218,640,000 in aggregate principal amount of Existing Notes (which will be cancelled pursuant to the terms and conditions of the Existing Notes) for New Exchange Notes. Following the settlement of the Exchange Offer, US$192,765,000 in aggregate principal amount of the Existing Notes remains outstanding.

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10/05/2019 18:06:51