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China’s Logan Group repurchases $10 million 5¾% notes due 2022
By William Gullotti
Buffalo, N.Y., Oct. 12 – Logan Group Co. Ltd. announced a partial repurchase of its $250 million 5¾% senior notes due 2022, according to a notice on Monday.
The company repurchased $10 million of notes, representing 4% of the aggregate principal amount issued.
The repurchased notes will be canceled.
According to the notice, the company may repurchase more of the notes.
Formerly Logan Property Holdings Co. Ltd., Logan Group is a property developer and construction company based in Shenzhen, China.
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