Times China completes redemption of senior notes due 2021

By Taylor Fox

New York, Feb. 8 – Times China Holdings Ltd. redeemed $350 million of its $450 million outstanding senior notes due 2021, according to a company announcement.

The notes were redeemed Feb. 8 at 101, or $353.5 million, plus interest of $4,884,444.44, for a total price of $358,384,444.44.

Upon completion of the redemption, the redeemed notes were canceled and the outstanding principal amount of the 2021 notes is $100 million.

Times China is a property development holding company based in Guangzhou, China.

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