Carnival Group extends $180 million bonds to 2021, ups coupon to 10%

By Sarah Lizee

Olympia, Wash., Feb. 27 – China’s Carnival Group International Holdings Ltd. extended the maturity of its $180 million senior bonds to March 22, 2021 and changed the coupon to 10% per year from 8% per year, according to a company announcement.

The new interest rate will be effective March 22.

Also, the redemption right for the notes was changed to reflect the extended maturity date. The notes were originally set to mature on March 22, 2019.

The stock short name for the bonds will be changed to “CARNIVAL B1903” from “CARNIVAL B2103” on March 4.

Carnival Group is a Hong Kong-based investment holding company that designs and develops tourist complexes in China and elsewhere that include theme parks, hotels, stores and leisure facilities.

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