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Greentown China buys back portion of two series of notes due 2025
By Mary-Katherine Stinson
Lexington, Ky., April 28 – Greentown China Holdings Ltd. reported the buyback and cancellation of a portion of its 4.7% senior notes (ISIN: XS2247552446) and 5.65% senior notes (ISIN: XS2193529562), both maturing in 2025, according to an announcement.
The company completed the repurchase and cancellation of $3.5 million of the $450 million 4.7% notes and $5.5 million of the $300 million 5.65% notes on April 25.
After the buyback, $446.5 million of the 4.7% notes and $294.5 million of the 5.65% notes remain outstanding.
Hongkong and Shanghai Banking Corp. Ltd. is the trustee.
Greentown China is a Hangzhou, China-based property developer.
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