China Minsheng’s Boom Up holders vote to extend 3.8% notes to 2020

By Sarah Lizee

Olympia, Wash., Aug. 22 – China Minsheng Investment Corp. Ltd. unit Boom Up Investments Ltd. announced results of noteholder meetings held on Aug. 22 relating to its $500 million 3.8% guaranteed notes due 2019.

The issuer sought to extend the maturity date of the bonds by one year to Aug. 2, 2020 under an extraordinary resolution.

Holders of more than 95% of the notes gave voting instructions. A majority of not less than three-quarters of the votes cast voted in favor of the extraordinary resolution.

The amendment took effect immediately after the meetings.

The notes were originally issued under a $1 billion medium-term note program with the benefit of a keepwell and liquidity support deed provided by China Minsheng.

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