West China Cement calls $400 million 7˝% notes due 2016 at 103.75

By Susanna Moon

Chicago, Sept. 12 – West China Cement Ltd. said it plans to redeem its outstanding $400 million of 7˝% senior notes due 2016.

The company will redeem the outstanding notes at 103.75% of par plus accrued interest on Oct. 11, according to a company announcement.

The repurchase price will be $1,053.33 per $1,000 principal amount.

The total redemption price will be $421,333,333.33, which includes $6,333,333.33 accrued interest to the settlement date.

Deutsche Bank Trust Co. Americas is the trustee.

The cement manufacturer and distributor is based in Xi’an, China.

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