China's First Pacific repurchases $8.13 million 4½% bonds due 2023

By Wendy Van Sickle

Columbus, Ohio, June 20 – China's First Pacific Co. - through FPC Treasury Ltd. – repurchased $8.13 million, or about 2%, of its original $400 million 4½% guaranteed bonds due April 16, 2023 on Tuesday, according to a notice.

The company has repurchased a total of about 10.2% of the bonds, which were issued in 2013. After cancellation of the latest repurchased bonds, about $359,175,000 of the securities will remain outstanding.

First Pacific is a Hong Kong-based telecommunications and food products company.

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