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China’s Sinic repurchases $3 million of 9½% notes due 2021
By Rebecca Melvin
Concord, N.H., June 3 – Sinic Holdings (Group) Co. Ltd. announced that it has purchased $3 million of its 9½ % senior notes due 2021 in the open market, according to a release.
The purchase represents 1.2% of the $250 million principal amount of the notes outstanding.
The repurchased notes will be canceled in accordance with the terms of the indenture.
The real estate development company is based in Shanghai.
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