China’s Yuzhou shareholder buys back notes on open market

Chicago, Oct. 8 – Yuzhou Group Holdings Co. Ltd. announced that a controlling shareholder made several purchases of senior notes on the open market through his associates, according to a press release.

Lam Lung purchased $2.55 million of the $350 million 6% notes due 2022; $600,000 of the $500 million 8½% notes due 2024; $1.2 million of the $400 million 7.7% notes due 2025; $400,000 of the $500 million 8.3% notes due 2025; $600,000 of the $645 million 7 3/8% notes due 2026 and $200,000 of the $300 million 7.85% notes due 2026.

Based in Shanghai, Yuzhou develops residential properties in southern 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.