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Southwest Securities repurchases $59.4 million of 6.9% bonds
By Taylor Fox
New York, Feb. 11 – Southwest Securities International Securities Ltd. repurchased and cancelled $59.4 million, or 29.7%, of its $200 million 6.9% bonds due 2021 on Feb. 10, according to a company announcement.
Following the repurchase, $140.6 million, or 70.3%, of the initial principal amount of the bonds remain outstanding.
The issuer is a financial services company based in Hong Kong.
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