General Announcement::MAXIMUM ACCEPTANCE AMOUNT FOR EXCHANGE OFFER AND TENOR AND MINIMUM YIELD OF NEW NOTES

Issuer & Securities

Issuer/ Manager
MODERN LAND (CHINA) CO., LIMITED
Securities
MODERNLANDUS$350M6.875%N191020 - XS1494003624 - 60GB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
11-Apr-2019 12:32:39
Status
New
Announcement Sub Title
MAXIMUM ACCEPTANCE AMOUNT FOR EXCHANGE OFFER AND TENOR AND MINIMUM YIELD OF NEW NOTES
Announcement Reference
SG190411OTHRVDWY
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 Company has determined that the Maximum Acceptance Amount for the Exchange Offer shall be US$200,000,000. The Company reserves the right, in its sole discretion, to exchange significantly more than or significantly less than the Maximum Acceptance Amount, or to exchange none of such Existing Notes, in the Exchange Offer. For a detailed statement of the terms and conditions of the Exchange Offer, Eligible Holders should refer to the Exchange Offer Memorandum.

The Company is pleased to announce that the New Notes will have tenor of 2.5 years and the New Notes will bear the minimum yield of 12.85% per annum. The Company will make further announcement(s) in respect to the final yield and interest rate of the New Notes and the results of the Exchange Offer as soon as practicable after the Exchange Expiration Deadline.

Attachments

Ironman - Announcement - Tenor and Minimum Yield SGX Final.pdf
Total size =270K