Dexin China buys back $1 million more 11 7/8% notes due 2022

By Marisa Wong

Los Angeles, April 12 – Dexin China Holdings Co. Ltd. repurchased an additional $1 million of its 11 7/8% notes due 2022, according to a notice.

The notes were repurchased on the open market and will be canceled.

The buyback represents about 0.5% of the original $200 million principal amount of the notes.

So far, the group has repurchased $16.99 million, or 8.495%, of the original principal, and it will continue to monitor market conditions and its financial structure regarding potential further repurchases of the notes.

The company is a Zhejiang, China-based investment holding company. Its subsidiaries are involved in construction services and property development.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.