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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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