Hydoo wraps up exchange, pays 14% coupon for new 2yr bond

By Addison Gong
13 Dec 2019

Chinese property developer Hydoo International Holding has priced new notes as part of an exchange offer, issuing $193.5m of two year bonds that include around $82m of new money.

The Hong Kong-listed company announced its offer to exchange its $157m 12% May 2020 bond on December 2. By the time the exchange deadline expired at 4pm London time on Wednesday, bondholders agreed to exchange $111.673m of the notes, or 71.13% of the deal. 

Hydoo then issued the ...

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