China’s Yincheng buys another $38.4 million of 12% senior notes

Chicago, Oct. 28 – Yincheng International Holding Co., Ltd. made another partial repurchase of its 12% senior notes due 2021, according to a notice on Thursday.

The company bought $38.4 million of the bonds in the open market, or 19.2% of the original $200 million issued.

After the buyback, there are $87.6 million, or 43.8%, of the bonds remaining.

The company may continue to repurchase more senior notes as and when appropriate.

The Nanjing, China-based company offers development and sale of residential and commercial properties, leasing of investment properties and other real estate services.

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