China Vast repurchases $69.15 million of 13% notes due June 28

By Wendy Van Sickle

Columbus, Ohio, June 21 – China Vast Industrial Urban Development Co. Ltd. repurchased and canceled $69.15 million, or 38.42%, of its original $180 million 13% bonds due June 28 on June 21, according to a press release.

Following the cancelation, $20.85 million of the bonds remain outstanding.

The industrial property developer is based in Hong Kong.

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