Guangdong Hong Kong Greater Bay repurchases $11 million 14% notes

By Mary-Katherine Stinson

Lexington, Ky., Dec. 6 – Guangdong-Hong Kong Greater Bay Area Holdings Ltd. announced that as of Monday it has repurchased and canceled a total of $11 million of its 14% senior notes due Dec. 19 (ISIN: XS2084960009), according to an announcement.

The original issue of the notes was $193.5 million.

The company stated that dependent on market conditions and its financial structure, the board may elect to repurchase more senior notes in the future.

The state-owned investment holding company is based in Guangdong, China.

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