Tongchuangjiuding’s Jiu An receives consents for 9½% bonds due 2023

By William Gullotti

Buffalo, N.Y., July 3 – Jiu An Finance Co., Ltd. received the requisite consents for its $230 million outstanding 9½% guaranteed bonds due 2023 (ISIN: XS2177116733) that are guaranteed by Tongchuangjiuding Investment Management Group Co., Ltd., according to an announcement on Monday.

As previously reported, the purpose of the consent solicitation was to improve the issuer’s overall financial condition and give it financial stability via the proposed amendments.

The tabulation and information agent reported that, as of the 11 a.m. ET June 26 expiration deadline, it had received valid consent instructions to not only meet quorum but also pass the extraordinary resolution.

There will not be a consent fee paid in the solicitation.

The amendment documents were initially expected to be executed on July 13; however, the announcement indicated that the issuer intends to execute the amendment documents as soon as practicable.

Haitong Securities International Co. Ltd. is the solicitation agent (jiuding.lm@htisec.com).

Morrow Sodali Ltd. is the tabulation and information agent (+44 20 4513 6933, +852 2319 4130, jiuanfinance@investor.morrowsodali.com, https://projects.morrowsodali.com/ jiuanfinance).

The investment management company is based in Beijing.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.