China’s Fantasia repurchases $6 million more notes from five series

By Marisa Wong

Los Angeles, Sept. 3 – Fantasia Holdings Group Co., Ltd. has repurchased a further $6 million of notes from five series, according to a company announcement.

Fantasia repurchased in the open market $1 million of 6.95% senior notes due December 2021, $1 million of 15% senior notes due December 2021, $1.5 million of 11¾% notes due April 2022, $1.5 million of notes due June 2023 and $1 million of notes due October 2023.

Fantasia had announced various buybacks for the two 2023 series in May, June and August.

The company said it plans to keep repurchasing notes depending on market conditions.

Fantasia is a property development company based in Shenzhen, China.

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