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China’s Jiangsu Fang Yang buys back $91.9 million 7¾% notes due 2021
By Wendy Van Sickle
Columbus, Ohio, July 12 – Haichuan International Investment Co., Ltd. redeemed and canceled $91.9 million of 7¾% notes due 2021, guaranteed by Jiangsu Fang Yang Group Co. Ltd., in June, according to an announcement.
The partial redemption represented 32.82% of the $280 million principal amount of the 2021 notes issued. In total, $188.1 million, or 67.18% of the bonds have been repurchased and canceled.
The building and construction machinery business is based in Haiyang, China.
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