General Announcement::RESULTS OF OFFER TO PURCHASE THE OUTSTANDING 7.95% SENIOR NOTES DUE 2021

Issuer & Securities

Issuer/ Manager
MODERN LAND (CHINA) CO., LIMITED
Securities
MODERNLANDUS$350M7.95%N210305 - XS1775946285 - 8LFB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
28-Jul-2020 14:00:25
Status
New
Announcement Sub Title
RESULTS OF OFFER TO PURCHASE THE OUTSTANDING 7.95% SENIOR NOTES DUE 2021
Announcement Reference
SG200728OTHRHXX2
Submitted By (Co./ Ind. Name)
Modern Land (China) Co., Limited / Zhang Peng
Designation
Director
Description (Please provide a detailed description of the event in the box below)
The Offer expired at 4:00 p.m. (London time) on July 27, 2020 (the "Expiration Deadline"). As at the Expiration Deadline, US$115,359,000 in aggregate principal amount of the Notes, representing approximately 34.44% of the total aggregate principal amount of the outstanding Notes as at such date, had been validly tendered pursuant to the Offer. The Company has decided to accept for purchase such validly tendered Notes in an aggregate principal amount of US$99,996,000 (the "Accepted Notes") with a proration scaling factor of 83.8999%. Proration will be made in accordance with the mechanism as set forth in the Offer to Purchase. The Accepted Notes repurchased by the Company will be cancelled and will cease to be outstanding on or about July 30, 2020 (the "Settlement Date").

Attachments

Phoenix V - Result Announcement.pdf
Total size =248K