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Times China to redeem $350 million 7.85% senior notes due 2021
By Taylor Fox
New York, Jan. 8 – Times China Holdings Ltd. plans to redeem $350 million of its $450 million outstanding 7.85% senior notes due 2021, according to a company announcement.
The notes will be redeemed Friday at 101 plus interest.
Upon completion of the partial redemption, the outstanding principal amount of the 2021 notes will be $100 million.
The company will satisfy the redemption payment of the principal amount plus accrued interest, if any, using internal funds.
Citicorp International Ltd. is the trustee.
Times China is a property development holding company based in Guangzhou, China.
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