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Lai Sun is considering exit options for its 100 Leadenhall Street project in London, including a potential stake sale in it. As it is currently in early stages, there is no certainty that the sale of part or all of the project would be ultimately pursued. As per sources, financial advisers are currently undertaking due diligence and could possibly find a funding partner later this year or in early-2025.
Lai Sun’s dollar bonds have been among the top gainers in 2024. Its 5% 2026s are up over 37% YTD, currently trading at 64.19, yielding 27.3%.
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