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Citigroup Global Markets Funding Luxembourg S.C.A. – Issue of HKD 2.325 billion Zero Coupon Guaranteed Cash Settled Exchangeable Bonds Due 2024 Referable to the Shares of Longfor Group Holdings Limited

May 08, 2020
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London – Following the placement on 7 May 2020, Citigroup Global Markets Funding Luxembourg S.C.A. (the "Issuer") today announces the initial exchange price of the zero coupon guaranteed cash-settled exchangeable bonds due 2024 (the "Bonds") in an aggregate principal amount of HKD 2.325 billion, referable to ordinary shares (the "Shares") of Longfor Group Holdings Limited (the "Company").

The initial exchange price of the Bonds has been set at HKD 45.1141, representing a 24% premium over the reference share price for the Shares of HKD36.3823, which was determined in the manner described in the press announcement released on or about 8 May 2020.

Settlement and delivery of the Bonds is expected to take place on 21 May 2020.

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