Hysan Development Commences Tender Offer for US$850 Million in Perpetual Capital Securities

MT Newswires Live
03-03

Hysan Development (HKG:0014) has initiated a tender offer for the outstanding $750 million in subordinated guaranteed perpetual capital securities issued by Elect Global Investments, a Monday Hong Kong bourse filing said.

The purchase price under the tender offer is $1,000 per $1,000 in principal.

The offer ends on March 11, and the results are expected to be out by March 12.

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