China Agricultural Products Exchange (00149) issued an announcement on the basis of HK$1 billion of medium-term notes due in 2024...
According to the Zhitong Finance App, China Agricultural Products Exchange (00149) issued an announcement regarding HK$400 million 1% interest-bearing notes issued under the HK$1 billion medium-term note plan due in 2024.
On October 20, 2023 and December 1, 2023, the company further purchased some of the unexercised notes (repurchased notes) with a principal amount of HK$20 million through the open market, accounting for 5% of the total principal amount of the originally issued notes. Together with other notes previously purchased and cancelled, it accounted for 85% of the total principal amount of the originally issued notes. Buybacks are funded from internal resources.
On November 2, 2023, the Company completed the cancellation of notes with a repurchase amount of HK$10 million on October 20, 2023. Notes repurchased on December 1, 2023 will be cancelled as soon as they are repurchased. After the cancellation of the repurchased notes, the total principal amount of the notes that have not yet been exercised will be HK$60 million, accounting for about 15% of the total initial principal amount of the notes.