Yunnan Energy repurchases another $6.25 million 4¼% bonds due 2022

By William Gullotti

Buffalo, N.Y., Aug. 17 – China’s Yunnan Energy Investment Overseas Finance Co., Ltd. repurchased an additional $6.25 million, or 2.08%, of its original $300 million of 4¼% bonds due 2022 between June and August, according to a listing notice with the Stock Exchange of Hong Kong Ltd.

The notes are guaranteed by Yunnan Provincial Energy Investment Group Co., Ltd.

This brings the total amount of the bonds repurchased in the open market to $35.4 million, or 11.8% of the original principal amount.

As of Tuesday, none of the repurchased bonds had been canceled.

The issuer is a Kunming, China-based supplier of steel, iron ore, coal, sand and gravel that also works in transportation, construction, technology and other sectors.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.