SOHO China 3.75% convertibles fully converted; no bonds to be redeemed

By Marisa Wong

Madison, Wis., Dec. 18 - SOHO China Ltd. said it received conversion notices from all bondholders for the full conversion of its outstanding HK$2,218,000,000 of 3.75% convertible bonds due 2014.

Because the bonds have been fully converted and no principal amount remains outstanding, no redemption will be carried out.

On Nov. 18, the company had announced that it planned to redeem the 3.75% convertibles in full on Dec. 18 at par plus accrued interest.

The company announced on Wednesday that it issued a total of 434,901,929 shares to bondholders at a conversion price of HK$5.10 from Nov. 22 to Dec. 12.

SOHO China is a Beijing-based developer of branded commercial properties in central Beijing.

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