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China’s Radiance buys back $56.7 million of notes due 2021, 2022
By Marisa Wong
Los Angeles, Oct. 5 – Radiance Holdings (Group) Co. Ltd.’s indirect non-wholly owned subsidiary Radiance Capital Investments Ltd. has repurchased some of its 11¾% senior notes due October 2021 and 10½% senior notes due January 2022 in the open market, according to a company announcement.
Radiance Capital purchased $53.5 million of the 2021 notes, or 21.4% of the $250 million originally issued, and $3.2 million of the 2022 notes, or 1.07% of the $300 million originally issued.
The repurchased notes may or may not be canceled, the issuer noted.
The real estate development company is based in Beijing.
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