HENDERSON LAND (00012) plans to issue convertible bonds with a total principal amount of HK$8 billion.

HENDERSON LAND (00012) announces that on July 8, 2025, the issuer, the company itself (as the guarantor of the issuer), and the underwriter signed a subscription agreement regarding the issuance of HKD 8 billion in principal amount of bonds (0.5% guaranteed convertible bonds due in 2030) subscribed by underwriter or persons induced by the underwriter, subject to the conditions specified in the subscription agreement. The issue price of the bonds will be 100% of the principal amount, with the face value of each bond being HKD 2 million and its multiples. Based on the initial conversion price of HKD 36 per share and assuming all bonds are converted at the initial conversion price without issuing additional shares or buying back shares, the bonds will be converted into approximately 222 million conversion shares, equivalent to approximately 4.59% of the total issued shares as of the announcement date and approximately 4.39% of the total issued shares after the issuance of conversion shares. The conversion shares will be allotted and issued according to the issuance authorization and will be fully paid up, enjoying the same status as the already issued shares. The company will apply or ensure the application for the approval of the bonds to be listed on ViennaMTF operated by the Vienna Stock Exchange (or any other internationally recognized stock exchange as determined by the issuer from time to time). The company will also apply for approval to list the conversion shares to be allotted and issued after the conversion of the bonds on the Hong Kong Stock Exchange. The net proceeds from the issuance of the bonds will be approximately HKD 7.92 billion. The company intends to use the net proceeds for general corporate purposes and/or refinancing.