Country Garden holders put $26.31 million 5 5/8% notes due 2026

By Marisa Wong

Los Angeles, Dec. 15 – Country Garden Holdings Co. Ltd. said some holders of its 5 5/8% senior notes due 2026 have exercised their put options.

The company repurchased and canceled $26.31 million of the notes, according to an announcement on Wednesday.

The outstanding principal amount of the notes following the partial buyback is $323.69 million.

Country Garden is a Foshan, China, real estate developer.

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