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Published on 12/19/2013 in the Prospect News Emerging Markets Daily, Prospect News High Yield Daily and Prospect News Liability Management Daily.

China's Yuzhou Properties redeems $199.5 million 13½% notes due 2015

By Marisa Wong

Madison, Wis., Dec. 19 - Yuzhou Properties Co. Ltd. said it redeemed in full its $199.5 million of outstanding 13½% senior notes due 2015 on Wednesday.

The notes were redeemed at 106.75 plus accrued interest for a total redemption price of about $213.19 million.

The Hong Kong property developer issued $200 million of the notes in December 2010.


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