Times China to redeem 7 5/8% notes due 2022 in full on Aug. 20

By Rebecca Melvin

Concord, N.H., July 21 – Times China Holdings Ltd. plans to redeem its $100 million 7 5/8% senior notes due 2022 in full on Aug. 20, according to a regulatory announcement.

The redemption price for the notes is equal to 101% of par plus accrued interest.

Upon completion of the redemption, there will no outstanding 2022 notes and they will be canceled and withdrawn from the Stock Exchange of Hong Kong Ltd.

The company will fund the redemption using internal funds.

The property developer is based in Guangzhou, China.

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