China’s Jingrui buys back more 10 7/8% senior notes due 2021

By Marisa Wong

Los Angeles, July 2 – Jingrui Holdings Ltd. announced it has repurchased $19.7 million of its 10 7/8% senior notes due 2021 as of June 30.

Following cancellation of the repurchased notes, $180.3 million, or 95.15%, of the original $200 million principal amount will remain outstanding.

The company made related buyback announcements in May and June.

Jingrui is a Shanghai-based property developer.

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