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Country Garden buys back RMB 35 million more 2.5% convertibles
By Marisa Wong
Madison, Wis., July 21 - Country Garden Holdings Co. Ltd. repurchased an additional RMB 35 million of its dollar-settled 2.5% convertible bonds due 2013 through an over-the-counter market transaction on July 21, according to a company notice.
The repurchased bonds will be canceled after settling on July 26, leaving RMB 1,978,100,000 principal amount outstanding.
As previously reported, the company announced the repurchase of RMB 120 million of the convertibles on May 25, RMB 214.4 million on May 24, RMB 200 million on May 6, RMB 110 million on May 5, RMB 485.8 million on May 4 and RMB 390 million on April 28.
Country Garden is a Hong Kong-based property developer.
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