
HENDERSON LAND plans to issue convertible bonds with a total principal amount of HKD 8 billion

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HENDERSON LAND plans to issue HKD 8 billion of convertible bonds, which will mature in 2030 with an annual interest rate of 0.5%. Each bond has a face value of HKD 2 million, with an initial conversion price of HKD 36 per share, expected to be convertible into approximately 222 million shares, accounting for about 4.59% of the issued shares. The net proceeds are expected to be approximately HKD 7.92 billion, primarily for general corporate purposes and refinancing. The company will apply for listing on the Vienna Stock Exchange and the Hong Kong Stock Exchange
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