China's Longfor Properties to redeem 9½% notes at 104.75 on April 7

By Angela McDaniels

Tacoma, Wash., March 6 - Longfor Properties Co. Ltd. will redeem its $750 million 9½% senior notes due 2016 in full on April 7, according to a company announcement.

The redemption price will be 104.75 plus accrued interest up to but excluding the redemption date.

The total redemption price for all of the notes including accrued interest will be $821.25 million, or $1,095 per $1,000 principal amount of notes.

All of the redeemed notes will be canceled.

Longfor Properties is an investment holding company based in Beijing.

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