Swire Pacific Agrees To Buy Back Another HK$6 Million Of Bonds

Swire Pacific (A shares: 0019, B shares: 0087) said that after it issued an announcement on September 2 to advance an accelerated exchange transaction, additional bondholders indicated they were willing to sell their bonds to the group. The company has agreed to repurchase from those remaining bondholders bonds with a principal amount of HK$6 million in cash at 109.08% of principal, according to Ming Pao. The number of Cathay Pacific Airways (0293) shares placed under the placement agreement remains unchanged. Swire Pacific also said the accelerated exchange transaction was completed on September 9.