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Hong Kong’s Jiayuan buys 13¾% notes due to put option exercise
Chicago, Oct. 15 – Jiayuan International Group Ltd. is repurchasing $71,147,000 of its 13¾% senior notes due Feb. 18, 2023 (ISIN: XS2066357034), according to a press release.
A total payment of $90,107,321.15 will be made, inclusive of the principal amount stated above and $16,971,762.50 in interest.
The notes are being repurchased due to the exercise of put options by holders of the notes under the terms and conditions of the notes.
The settlement date is Oct. 18.
The redeemed notes will be canceled accordingly.
After the notes are canceled, there will be $175,715,000 of the notes remaining.
The property developer is based in Hong Kong.
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