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China’s Tongchuangjiuding unit repurchases $85.01 million 6½% bonds
By Sarah Lizee
Olympia, Wash., Jan. 23 – Tongchuangjiuding Investment Management Group Co., Ltd. subsidiary Jiuding Group Finance Co., Ltd. repurchased $85.01 million of its $380 million of 6½% guaranteed bonds due 2020, according to a notice.
The repurchase was made in the open market during the period from Jan. 15 to Jan. 23.
Following the repurchase, $294.99 million of the bonds remain outstanding.
The notes are guaranteed by Tongchuangjiuding Investment.
The investment management company is based in Beijing.
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