China’s Yunnan Energy repurchases $15.6 million 4¼% bonds due 2021

By Wendy Van Sickle

Columbus, Ohio, March 5 – Yunnan Energy Investment Overseas Finance Co., Ltd. repurchased a $15.6 million, or 12%, portion of its $130 million of 4¼% bonds due 2021, according to a listing notice with the Stock Exchange of Hong Kong Ltd.

The notes are guaranteed by Yunnan Provincial Energy Investment Group Co., Ltd.

The bonds were repurchased in the open market between Nov. 20 and March 5. The repurchased bonds have been canceled.

The issuer is a Kunming, China-based supplier of steel, iron ore, coal, sand and gravel that also works in transportation, construction, technology and other sectors.

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