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China National Chemical unit to redeem 3.9% perpetual capital securities
By Rebecca Melvin
Concord, N.H., May 10 – CNRC Capital Ltd., a unit of China National Chemical Corp. (ChemChina), announced that it will redeem all of the outstanding 3.9% senior guaranteed perpetual capital securities (ISIN: XS1622745203), according to a notice.
The issue was originally $600 million in size.
The securities will be redeemed on June 2 at par plus distributions accrued to but excluding the redemption date.
ChemChina is a state-owned chemical company based in Beijing.
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