Sunac China calls all $400 million 12½% notes due 2017 at 106.25

By Marisa Wong

Morgantown, W.Va., Dec. 4 – Sunac China Holdings Ltd. announced it will redeem its 12½% senior notes due 2017 in full on Jan. 6.

The redemption price will be 106.25 plus accrued interest to the redemption date.

As of Friday, there is $400 million principal amount of the notes outstanding.

Sunac said it will use internal resources to fund the redemption.

The Tianjin, China-based residential and commercial property developer issued the 12½% notes in October 2012.

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