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Published on 6/21/2021 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

China’s Xinhu Zhongbao unit buys back $64.6 million 11% note due 2022

By Devika Patel

Knoxville, Tenn., June 21 – Xinhu Zhongbao Co., Ltd. subsidiary Xinhu (BVI) 2018 Holding Co. Ltd. repurchased $64.6 million of its 11% guaranteed senior notes due 2022 (ISIN: XS2005151027) on June 12, according to a notice.

As of June 21, $95.4 million of the notes have been repurchased.

The company is based in Hangzhou, China.


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