China’s DaFa Properties buys $66.7 million of 12 7/8% notes due 2021

By Rebecca Melvin

Concord, N.H., June 11 – DaFa Properties Group Ltd. repurchased $66.7 million, or 22.23%, of its 12 7/8% senior notes due in July 2021 on Friday, according to a notice.

The repurchased notes will be canceled.

After the cancellation, $213 million, or 71.1%, of the notes will remain outstanding.

DaFa is a real estate developer based in Shanghai.

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