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CSI’s Estate Sky buys back $27.88 million of 5¾% senior perpetuals
By Marisa Wong
Los Angeles, Aug. 27 – CSI Properties Ltd. subsidiary Estate Sky Ltd. repurchased $27.88 million of its $200 million 5¾% senior perpetual capital securities on Aug. 20, according to a company announcement.
The perpetuals were repurchased through on-market transactions at an average price of 96.867.
The securities were originally issued on Sept. 20, 2017 and are callable beginning in 2022.
After cancellation of the repurchased notes on Aug. 26, the outstanding principal amount is $172.12 million.
CSI is a Hong Kong-based investment holding company. Subsidiary Estate Sky is incorporated in the British Virgin Islands.
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