China’s Radiance buys back $18.2 million more notes due 2022

By Marisa Wong

Los Angeles, Oct. 6 – Radiance Holdings (Group) Co. Ltd.’s indirect non-wholly owned subsidiary Radiance Capital Investments Ltd. purchased $18.2 million of its 10½% senior notes due January 2022 in the open market on Oct. 6, according to a company announcement.

The amount purchased represents 6.07% of the $300 million originally issued.

As of Wednesday, the issuer has purchased a total of $21.4 million of the 2022 notes, or 7.13% of the original issue amount.

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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