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China’s Yuzhou buys back portions of senior notes due 2025, 2026
By Marisa Wong
Los Angeles, Aug. 13 – Yuzhou Group Holdings Co. Ltd. has repurchased a total of $2 million of its 8.3% guaranteed senior notes due 2025, according to a company announcement.
Yuzhou also repurchased a total of $1 million of its 7 3/8% guaranteed senior notes due 2026.
The partial buybacks represent about 0.4% and 0.16% of the original principal amounts of the 2025 notes and 2026 notes, respectively.
After cancellation of the repurchased notes, $486 million of the original $500 million of 2025 notes and $636.5 million of the original $645 million of 2026 notes will remain outstanding.
Based in Shanghai, Yuzhou develops residential properties in southern China.
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