CIFI HOLD GP (00884) Mandatory Convertible Bonds Converted Over $815 Million, Initial Regular Mandatory Conversion Not Triggered.

date
12:26 02/02/2026
avatar
GMT Eight
Ascendas Group (00884) announced that the first regular mandatory conversion record date occurred on January 29, 2026, which is one calendar day after the issuance date. According to the trust deed, if the total principal amount of mandatory convertible bonds converted by January 29, 2026 does not exceed 20% of the principal amount of the convertible bonds (equivalent to approximately $815 million), a regular mandatory conversion will be triggered and some convertible bonds will be converted. As the actual total principal amount of mandatory convertible bonds converted by January 29, 2026 has already exceeded $815 million, there will be no regular mandatory conversion for the first regular mandatory conversion record date.
CIFI HOLD GP (00884) announced that the first regular mandatory conversion record date occurred on January 29, 2026. This date is one calendar month after the issuance date. According to the trust deed, if the cumulative principal amount of mandatory convertible bonds converted on or before January 29, 2026 does not exceed 20% of the total principal amount of the bonds (approximately $815 million), a regular mandatory conversion will be triggered, resulting in the conversion of some of the bonds. However, as the actual cumulative principal amount of mandatory convertible bonds converted on or before January 29, 2026 has already exceeded $815 million, there will be no regular mandatory conversion for the first regular mandatory conversion record date.