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China’s Jingrui buys back $92.8 million of 7¾% notes due 2020
By Marisa Wong
Los Angeles, March 13 – Jingrui Holdings Ltd. said it has purchased $92.8 million of its 7¾% senior notes due 2020 on March 13 through private negotiations.
The amount purchased represents 23.2% of the original principal amount of the notes.
After cancellation of the repurchased notes, $297.2 million of the notes will remain outstanding.
Jingrui is a Shanghai-based property developer.
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