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Zhenro Properties makes partial buybacks of notes from seven series
By Marisa Wong
Los Angeles, Oct. 14 Chinas Zhenro Properties Group Ltd. announced partial repurchases of senior notes from seven series.
Zhenro repurchased the following in the open market:
$9 million, or 3%, of its $300 million 6.7% senior notes due 2026 (ISIN: XS2293750670);
$7 million, or 1.75%, of its $400 million 6.63% senior notes due 2026 (ISIN: XS2279711779);
$1 million, or 0.286%, of its $350 million 7.35% senior notes due 2025 (ISIN: XS2226898216);
$3.5 million, or 1.4%, of its $250 million 6½% senior notes due 2022 (ISIN: XS2383329237);
$7 million, or 2.333%, of its $300 million 8.7% senior notes due 2022 (ISIN: XS2050860308);
$2.5 million, or 1.136%, of its $220 million 5.98% senior notes due 2022 (ISIN: XS2329241447); and
$3 million, or 1.5%, of its $200 million 5.95% senior notes due 2021 (ISIN: XS2247557320).
The purchased notes may or may not be cancelled, the company said.
The Shanghai-based real estate developer and property manager added that it may further repurchase its senior notes, depending on market conditions and its financial structure.
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