Xingang International completes redemption, delists 7% notes due 2022

By Mary-Katherine Stinson

Lexington, Ky., Dec. 20 – Xingang International Holding Ltd., a subsidiary of Xinyi City Investment & Development Co., Ltd., completed the redemption of its $100 million 7% notes due 2022 and has applied to the Hong Kong Stock Exchange for the delisting of the bonds, according to a company release.

The bonds were guaranteed by Xinyi.

As of Dec. 20, there are no bonds outstanding.

The delisting will be effective Dec. 28.

The infrastructure services and land development company is based in China.

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