China’s Yuzhou buys back portion of 8.3% notes due 2025

By Marisa Wong

Los Angeles, July 8 – Yuzhou Group Holdings Co. Ltd. repurchased $1 million of its 8.3% guaranteed senior notes due 2025, according to a company announcement.

The partial buyback represents about 0.2% of the original principal amount of the notes.

After cancellation of the repurchased notes, $494 million of the original $500 million issue will remain outstanding.

Based in Shanghai, Yuzhou develops residential properties in southern China.

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