China’s Fufeng repurchases $27.26 million of 5 7/8% bonds due 2021

By Sarah Lizee

Olympia, Wash., April 24 – Fufeng Group Ltd. announced it repurchased a total of $27,258,000, or roughly 7.8%, of its $350 million original principal amount of 5 7/8% bonds due 2021 on April 23.

After the latest repurchased bonds are cancelled, $268,877,000 of the bonds will remain outstanding.

Based in Jinan, China, Fufeng manufactures bio-products, including monosodium glutamate, xanthan gum and fertilizer.

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