China Shanshui Cement calls $400 million 10½% notes due 2017

By Marisa Wong

Madison, Wis., March 27 – China Shanshui Cement Group Ltd. said it will redeem its $400 million 10½% senior notes due 2017 on April 27.

The notes will be redeemed at 105.25 plus accrued interest to the redemption date.

As of Friday, all $400 million principal amount of the 10½% notes remains outstanding.

The company said it will use proceeds from its $500 million offering of 7½% notes due 2020 to fund the redemption of the 10½% notes.

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