China's Longfor Properties completes redemption of 9½% notes

By Jennifer Chiou

New York, April 7 - Longfor Properties Co. Ltd. announced that it has redeemed in full its $750 million of 9½% senior notes due 201.

The redemption price was 104.75 plus accrued interest up to but excluding the April 7 redemption date.

When the redemption was announced, the company said that the total redemption price, including accrued interest, would 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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