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VCredit partially repurchases 11% senior notes due 2022
Chicago, July 22 – VCredit Holdings Ltd. made a partial repurchase of $5,325,000 of its $85 million 11% senior notes due 2022 (ISIN: 2263287935), according to a notice.
The repurchase was made by way of private agreement with an independent third party.
The repurchased notes represent 6.25% of the original principal amount and 9.78% of the outstanding principal amount.
The repurchased notes are being canceled. Following cancellation, there will be $49,115,000 of the notes, or 57.78% of the original amount, outstanding.
The company said it may make further repurchases and will update the market accordingly.
Based in Hong Kong, the company offers microloans, financing guarantees, financial leasing and other services.
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