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Cifi Holdings completes repurchase of HK$851M outstanding convertible bonds

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Cifi Holdings completes repurchase of HK$851M outstanding convertible bonds

Cifi Holdings (Group) Co. Ltd. completed Dec. 17 the settlement of the repurchase of HK$851 million of the outstanding zero coupon guaranteed convertible bonds due 2019.

The bonds were bought back at a price equal to 101% of the notes' principal amount on the settlement date.

Following settlement, the outstanding amount of the bonds stands at nearly HK$1.03 billion as of Dec. 19.