China’s Chongqing Energy Investment Group redeems 5 5/8% bonds due 2022

By Rebecca Melvin

Concord, N.H., Nov. 19 – Chongqing Energy Investment Group Co. Ltd. has redeemed in full its 5 5/8% bonds due 2022 according to a notice.

The company redeemed $488.98 million of the bonds that remained outstanding under its original $500 million issue at par plus accrued interest for a total purchase price of $493,564,187.50 on Nov. 17.

Withdrawal of the bonds from the Hong Kong Exchange was expected to become effective on Nov. 26.

The company develops coal, electricity, aluminum, gas and is based in Yubei District Chongqing, China.

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