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China’s CIFI Holdings buys back more 5½% senior notes due 2022
By Mary-Katherine Stinson
Lexington, Ky., Dec. 30 – CIFI Holdings (Group) Co. Ltd. repurchased a total of $4.6 million of its 5½% senior notes due January 2022 in the open market between Nov. 4 and Dec. 17, according to a company announcement.
The repurchased notes represent 0.79% of the original issuance.
After cancellation of the repurchased notes, $505.1 million, or 86.34%, of the notes will remain outstanding.
As of Dec. 30, CIFI has repurchased $79.9 million, or approximately 13.66%, of the notes.
CIFI, based in Shanghai, is a real estate developer that builds properties in first- and second-tier cities in China.
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