Li & Fung to fully redeem 4 3/8% notes due 2024 on Dec. 21

By Mary-Katherine Stinson

Lexington, Ky., Dec. 14 – Li & Fung Ltd. will redeem in full its outstanding $103.71 million 4 3/8% notes due 2024 (ISIN: XS2059681135) on the optional redemption date of Dec. 21, according to a notice.

The notes will be redeemed at 89 plus accrued interest.

After redemption, the notes will be canceled and delisted from the Singapore Exchange. No notes will remain outstanding.

The $500 million original issue was issued in two tranches of $400 million and $100 million on Oct. 4, 2019 and Oct. 29, 2019 under the company’s $2 billion medium-term note and perpetual securities program.

Li & Fung is a global trading group based in Hong Kong.

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