China’s Tus-Holdings redeems two bond series due 2024

By Rebecca Melvin

Concord, N.H., Aug. 31 – Tus-Holdings Co., Ltd. has redeemed two series of bonds due 2024, including its 7.95% guaranteed bonds (ISIN: XS1863988157) and 6.95% guaranteed bonds (ISIN: XS2011786659), according to a voluntary announcement on Monday.

Payment for the $400 million principal amount of 7.95% bonds included $15,724,000 of interest accrued from Feb. 15 up to but excluding Aug. 13, which was the redemption date.

Payment for the $550 million principal amount of 6.95% bonds included $24,953,5000 of interest accrued from June 18 up to but excluding Aug. 13.

Tuspark Forward Ltd. was issuer of the bonds and Tus-Holdings was the parent guarantor.

The Beijing-based company is involved in environmental equipment development and manufacturing, solid waste disposal business, and other businesses.

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