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Hongkong Ideal redeems $12 million putable 14¾% notes due 2022
Chicago, Oct. 8 – Hongkong Ideal Investment Ltd. has redeemed the $12 million of notes (ISIN: XS2059534342) that were part of an optional redemption by noteholders of the 14¾% guaranteed senior notes due 2022, according to a press release.
The notes were redeemed at par plus unpaid interest to the put settlement date.
After the redemption, there are $193 million of the notes outstanding.
The notes are guaranteed by Beijing Hongkun Weiye Real Estate Development Co. Ltd.
The real estate developer is based in Beijing.
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