China’s Yuzhou buys back portion of 7 3/8% notes due 2026

By Rebecca Melvin

Concord, N.H., July 12 – Yuzhou Group Holdings Co. Ltd. repurchased $1 million of its 7 3/8% guaranteed senior notes due 2026, according to a company announcement.

The company also recently repurchased $1.5 million of the 2026 notes in the open market. The partial buybacks represent about 0.39% of the original principal amount of the notes.

After cancellation of the repurchased notes, $637.5 million of the original $645 million issue will remain outstanding.

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

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