China’s Yuzhou buys back portion of 6% notes due 2022

By William Gullotti

Buffalo, N.Y., Oct. 6 – Yuzhou Group Holdings Co. Ltd. repurchased $10 million of its 6% senior notes due 2022, according to a notice on Wednesday.

The partial buyback from the open market represents approximately 2.86% of the original $350 million principal amount issued Jan. 25, 2017.

In accordance with the original terms and indenture of the notes, the repurchased notes may or may not be canceled at the discretion of the company.

Based in Shanghai, Yuzhou develops residential properties in southern China.

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