China's Longfor Properties to redeem 6 7/8% notes due 2019 on Nov. 25

By Wendy Van Sickle

Columbus, Ohio, Oct. 24 – Longfor Properties Co. Ltd. will redeem its $400 million of 6 7/8% senior notes due 2019 in full on Nov. 25, according to a company announcement.

The redemption price will be 103.4375 plus accrued interest up to but excluding the redemption date.

The total redemption price for all of the notes including accrued interest will be just under $416.58 million, or $1,041.44097 per $1,000 principal amount of notes.

All of the redeemed notes will be canceled.

Longfor Properties is an investment holding company based in Beijing.

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