China-based CSI’s Estate Sky unit buys back $1 million 4 7/8% notes

Chicago, Jan. 23 – Estate Sky Ltd. announced it repurchased a total of $1 million of its $250 million 4 7/8% guaranteed notes due 2021, according to a notice.

The 2021 bonds were repurchased at an average price of 98.7.

The notes were originally issued on Aug. 1, 2016.

The buyback was carried out through on-market purchases by a subsidiary of Estate Sky’s holding company, CSI Properties Ltd.

Settlement for the redeemed bonds will be Jan. 24.

Following cancellation, $249 million of the 2021 notes will remain outstanding.

CSI is a property investment and development company based in Hong Kong. Subsidiary Estate Sky is incorporated in the British Virgin Islands.

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