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Times China 5.550% 06/24 (USD)
Times China Holdings Ltd
Times China Holdings Limited operates as a real estate development company. The Company develops and markets residential areas, office buildings, hotels, restaurants, and other related areas. Times China Holdings markets its buildings throughout China.
to trade this BondbloX
Bondblox Price Information
Last Price
-
Yield
-
BondbloX Information
Identifier: BEXISIN
BEXXS2348280962
Minimum Trading Size
1,000
BondbloX Features
No voting rights
Accrued Interest
1.233
Coupon / Distribution
Pass through of Underlying Bond coupons & distributions
Listed On
BondbloX Bond Exchange
Underlying Bond Information
Bond Issuer
Times China Holdings Ltd
ISIN
XS2348280962
Bond Currency
USD
Country of Risk
CHN
Guarantor
Subsidiary Guarantors
Coupon
5.550%
Coupon Type
Fixed-Fixed (For Life)
Industry Type
Real Estate
Minimum Denomination
200,000
Minimum Increment
1,000
Amount Issued
400,000,000
Amount Outstanding
400,000,000
Issue Date
Jun 4, 2021
Maturity Date
06/24
Perpetual
N
Redemption Value
100.000
Bond Rating
-
Registration Type
Regulation S
Seniority
1st Lien
Callable
Y
Next Call Date
Mar 27, 2024
Next Call Price
101.000
Reference Rate
-
Spread
-
Refix Frequency (years)
-
Coupon / Distribution Information
Coupon Frequency
2
Next Coupon Date
Jun 4, 2024
Day Count Basis
ISMA-30/360
Record Date Rule
1 ICSD Business Day prior to the relevant Interest Payment Date
Underlying Bond Features
Optional Redemption:
  • (1) At any time and from time to time on after June 4, 2023, the Company may at its option redeem the Notes, in whole or in part, at a redemption price equal to 101% of principal amount, plus accrued and unpaid interest, if any, to (but not including) the redemption date if redeemed during the twelve-month period beginning on June 4, 2023.
  • (2) At any time prior to 4 June 2023, the Company may at its option redeem the Notes, in whole but not in part, at a redemption price equal to 100% of the principal amount of the Notes redeemed plus the applicable premium as of, and accrued and unpaid interest, if any, to (but not including) the redemption date.
  • (3) At any time and from time to time prior to 4 June 2023, the Company may redeem up to 35% of the aggregate principal amount of the Notes with the net cash proceeds of one or more sales of common stock of the Company in an equity offering at a redemption price of 105.55% of the principal amount of the Notes redeemed, plus accrued and unpaid interest, if any, to (but not including) the redemption date; provided that at least 65% of the aggregate principal amount of the Notes originally issued on the original issue date remains outstanding after each such redemption and any such redemption takes place within 60 days after the closing of the related equity offering.
  • The Company will give not less than 30 days’ nor more than 60 days’ notice of any redemption.
Change of Control Event:

“Change of Control Triggering Event” means the occurrence of both a Change of Control and, provided that the Notes are rated by at least one Rating Agency, a Rating Decline.

  • “Change of Control” means the occurrence of one or more of the following events:
    • (1) the merger, amalgamation or consolidation of the Company with or into another Person (other than one or more Permitted Holders) or the merger or amalgamation of another Person (other than one or more Permitted Holders) with or into the Company, or the sale of all or substantially all the assets of the Company to another Person (other than one or more Permitted Holders);
    • (2) the Permitted Holders are the beneficial owners of less than 50.1% of the total voting power of the Voting Stock of the Company;
    • (3) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the U.S. Exchange Act) is or becomes the “beneficial owner” (as such term is used in Rule 13d-3 of the U.S. Exchange Act), directly or indirectly, of total voting power of the Voting Stock of the Company greater than such total voting power held beneficially by the Permitted Holders;
    • (4) individuals who on the Original Issue Date constituted the board of directors of the Company, together with any new directors whose election by the board of directors was approved by a vote of at least two-thirds of the directors then still in office who were either directors or whose election was previously so approved, cease for any reason to constitute a majority of the board of directors of the Company then in office; or
    • (5) the adoption of a plan relating to the liquidation or dissolution of the Company.
  • Not later than 30 days following a Change of Control Triggering Event, the Company will make an Offer to Purchase all outstanding Notes at a purchase price equal to 101% of the principal amount thereof plus accrued and unpaid interest, if any, to (but not including) the Offer to Purchase Payment Date.
     
Related Documents
Final Terms
This document constitutes the Final Terms relating to the issue of BondbloX BEXXS2348280962.
Download
Disclaimer
Information regarding the Underlying Bonds is extracted purely on best-efforts basis from the actual program documents currently publicly available to BondEvalue and is not intended to be complete or absolute. No warranty is made as to the completeness or accuracy of such information nor its extraction. Please refer to the actual program documents for complete and accurate information governing the Underlying Bonds.
 
Times China 5.550% 06/24 (USD)
to trade this BondbloX
Times China Holdings Ltd
Times China Holdings Limited operates as a real estate development company. The Company develops and markets residential areas, office buildings, hotels, restaurants, and other related areas. Times China Holdings markets its buildings throughout China.
Bondblox Price Information
Last Price
-
Yield
-
BondbloX Information
Identifier: BEXISIN
BEXXS2348280962
Minimum Trading Size
1,000
BondbloX Features
No voting rights
Accrued Interest
1.233
Coupon / Distribution
Pass through of Underlying Bond coupons & distributions
Listed On
BondbloX Bond Exchange
Settlement Cycle
Instant (Fractional)
Underlying Bond Information
Bond Issuer
Times China Holdings Ltd
ISIN
XS2348280962
Bond Currency
USD
Country of Risk
CHN
Guarantor
Subsidiary Guarantors
Coupon
5.550%
Coupon Type
Fixed-Fixed (For Life)
Industry Type
Real Estate
Minimum Denomination
200,000
Minimum Increment
1,000
Amount Issued
400,000,000
Amount Outstanding
400,000,000
Issue Date
Jun 4, 2021
Maturity Date
06/24
Perpetual
N
Redemption Value
100.000
Bond Rating
-
Registration Type
Regulation S
Seniority
1st Lien
Callable
Y
Next Call Date
Mar 27, 2024
Next Call Price
101.000
Reference Rate
-
Spread
-
Refix Frequency (years)
-
Coupon / Distribution Information
Coupon Frequency
2
Next Coupon Date
Jun 4, 2024
Day Count Basis
ISMA-30/360
Record Date Rule
1 ICSD Business Day prior to the relevant Interest Payment Date
Underlying Bond Features
Optional Redemption:
  • (1) At any time and from time to time on after June 4, 2023, the Company may at its option redeem the Notes, in whole or in part, at a redemption price equal to 101% of principal amount, plus accrued and unpaid interest, if any, to (but not including) the redemption date if redeemed during the twelve-month period beginning on June 4, 2023.
  • (2) At any time prior to 4 June 2023, the Company may at its option redeem the Notes, in whole but not in part, at a redemption price equal to 100% of the principal amount of the Notes redeemed plus the applicable premium as of, and accrued and unpaid interest, if any, to (but not including) the redemption date.
  • (3) At any time and from time to time prior to 4 June 2023, the Company may redeem up to 35% of the aggregate principal amount of the Notes with the net cash proceeds of one or more sales of common stock of the Company in an equity offering at a redemption price of 105.55% of the principal amount of the Notes redeemed, plus accrued and unpaid interest, if any, to (but not including) the redemption date; provided that at least 65% of the aggregate principal amount of the Notes originally issued on the original issue date remains outstanding after each such redemption and any such redemption takes place within 60 days after the closing of the related equity offering.
  • The Company will give not less than 30 days’ nor more than 60 days’ notice of any redemption.
Change of Control Event:

“Change of Control Triggering Event” means the occurrence of both a Change of Control and, provided that the Notes are rated by at least one Rating Agency, a Rating Decline.

  • “Change of Control” means the occurrence of one or more of the following events:
    • (1) the merger, amalgamation or consolidation of the Company with or into another Person (other than one or more Permitted Holders) or the merger or amalgamation of another Person (other than one or more Permitted Holders) with or into the Company, or the sale of all or substantially all the assets of the Company to another Person (other than one or more Permitted Holders);
    • (2) the Permitted Holders are the beneficial owners of less than 50.1% of the total voting power of the Voting Stock of the Company;
    • (3) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the U.S. Exchange Act) is or becomes the “beneficial owner” (as such term is used in Rule 13d-3 of the U.S. Exchange Act), directly or indirectly, of total voting power of the Voting Stock of the Company greater than such total voting power held beneficially by the Permitted Holders;
    • (4) individuals who on the Original Issue Date constituted the board of directors of the Company, together with any new directors whose election by the board of directors was approved by a vote of at least two-thirds of the directors then still in office who were either directors or whose election was previously so approved, cease for any reason to constitute a majority of the board of directors of the Company then in office; or
    • (5) the adoption of a plan relating to the liquidation or dissolution of the Company.
  • Not later than 30 days following a Change of Control Triggering Event, the Company will make an Offer to Purchase all outstanding Notes at a purchase price equal to 101% of the principal amount thereof plus accrued and unpaid interest, if any, to (but not including) the Offer to Purchase Payment Date.
     
Related Documents
Final Terms
Download
This document constitutes the Final Terms relating to the issue of BondbloX BEXXS2348280962.
Disclaimer
Information regarding the Underlying Bonds is extracted purely on best-efforts basis from the actual program documents currently publicly available to BondEvalue and is not intended to be complete or absolute. No warranty is made as to the completeness or accuracy of such information nor its extraction. Please refer to the actual program documents for complete and accurate information governing the Underlying Bonds.

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