China-based CSI’s Estate Sky unit buys back some more 6½% notes

By Marisa Wong

Morgantown, W.Va., March 18 – Estate Sky Ltd. announced it repurchased an additional $6.65 million of its $150 million 6½% guaranteed notes due 2018.

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

The bonds were repurchased at an average price of 101.45.

Following cancellation of the bonds, there will be $133.35 million principal amount outstanding.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.