China’s Guangzhou R&F buys back $25 million of notes in two series

By Rebecca Melvin

Concord, N.H., Sept. 24 – Guangzhou R&F Properties Co., Ltd. made on-market repurchases of notes in two series for an aggregate principal amount of $25 million on Sept. 21, according to a company release on Friday.

The company purchased $13 million of its 5 7/8% senior notes due 2023, leaving an outstanding principal amount of $587 million of the issue.

It also repurchased $12 million of the 9 1/8% senior notes due 2022, which were issued by indirect wholly-owned subsidiary Easy Tactic Ltd., leaving $288 million of that issue outstanding.

The repurchased notes, which were listed on Singapore Exchange Securities Trading Ltd., will be canceled.

Guangzhou R&F is property developer, based in Guangzhou, China.

© 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.