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China’s Radiance buys back 7.74% of notes due in October
Chicago, Oct. 18 – Radiance Holdings (Group) Co. Ltd.’s indirect non-wholly owned subsidiary Radiance Capital Investments Ltd. repurchased $19.35 million of the notes due in October 2021 between Oct. 6 to Oct. 13, an announcement stated.
The buyback represented 7.74% of the principal amount of notes originally issued.
As of Monday, the company had repurchased $72.85 million of the 2021 notes in the open market, or 29.14% of the notes.
On Oct. 15, $70 million of those notes had been canceled.
Another $2.85 million of the notes had been repurchased, but not yet canceled.
There were $180 million of the notes, in total, outstanding.
The real estate development company is based in Beijing.
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