CALC Repurchases Convertible Bonds

admin
By admin July 7, 2016 11:00

CALC Repurchases Convertible Bonds

China Aircraft Leasing Group (CALC) has entered into separate repurchase agreements with investors to repurchase convertible bonds due in 2018 in the aggregate principal amount of HK$581,850,000. Of such mentioned amount, HK$77,580,000 convertible bonds will be repurchased by China Everbright Financial Investments (China Everbright).

Upon completion of such repurchase, China Everbright will continue to hold the remaining HK$310,320,000 convertible bonds.

The lessor said that it is “dedicated [to] exploring diversified financing alternatives to support its long-term and sustainable growth, and reducing finance cost to maximise its profitability. This repurchase is part of our active management of balance sheet in constantly optimising CALC’s financial position. It allows more effective use of capital and resources, and thus creating greater value to our shareholders.”

admin
By admin July 7, 2016 11:00