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Published on 3/16/2021 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Xinhu Zhongbao unit noteholders put 31.38% of 11% notes

Chicago, March 16 – China’s Xinhu (BVI) 2018 Holding Co. Ltd. noteholders requested the company repurchase $86.3 million of the 11% guaranteed senior notes due 2022, according to an announcement.

The company repurchased and canceled the notes.

There are now $188.7 million of the notes outstanding.

Parent company Xinhu Zhongbao Co. Ltd. is the guarantor for the notes.

The real estate company is based in Hangzhou, China.


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