Central China Real Estate buys back portion of 7.9% notes due 2023

By William Gullotti

Buffalo, N.Y., Sept. 9 – Central China Real Estate Ltd. announced a partial repurchase of its 7.9% senior notes (ISIN: XS2076398184) due 2023, according to a notice on Thursday.

The company repurchased a total of $2.7 million, or bout 1.35%, of the initial aggregate principal in the open market.

The repurchased notes may or may not be cancelled, subject to board approval.

According to the notice, the company may repurchase more notes in the future.

The investment holding company is based in Zhengzhou City, China, and primarily engages in property development in China’s Henan Province.

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