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China’s Sinic Holdings buys back portion of 9½%, 8½% notes
By Wendy Van Sickle
Columbus, Ohio, July 29 – Sinic Holdings (Group) Co. Ltd. announced it purchased $2 million, or 0.8%, of the original principal amount of its $250 million 9½% senior notes due 2021 (ISIN: XS2240047881) and $3 million, or 1.2%, of the original principal amount of its $250 million 8½% senior notes due 2022 (ISIN: XS2281324389) in the open market.
After cancellation of the repurchased notes, there will be $244 million and $242 million of the 2021 and 2022 notes, respectively, remaining outstanding.
The real estate development company is based in Shanghai.
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