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China’s Zhongliang buys back $4 million of notes from two series
By Mary-Katherine Stinson
Lexington, Ky., Oct. 7 – Zhongliang Holdings Group Co. Ltd. made partial repurchases of its 8 7/8% senior notes due November 2021 and its 7½ % senior notes due January 2022, according to a company announcement.
The company repurchased $3 million of the 2021 notes and $1 million of the 2022 notes in the open market on Oct. 7.
The repurchase represents about 1½% of the aggregate principal amount of the $200 million 2021 notes originally issued and about 0.4% of the aggregate principal amount of the $250 million 2022 notes originally issued.
Zhongliang is a residential property management company based in Shanghai.
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