Greentown China buys back portion of two series of notes due 2025

By Mary-Katherine Stinson

Lexington, Ky., April 28 – Greentown China Holdings Ltd. reported the buyback and cancellation of a portion of its 4.7% senior notes (ISIN: XS2247552446) and 5.65% senior notes (ISIN: XS2193529562), both maturing in 2025, according to an announcement.

The company completed the repurchase and cancellation of $3.5 million of the $450 million 4.7% notes and $5.5 million of the $300 million 5.65% notes on April 25.

After the buyback, $446.5 million of the 4.7% notes and $294.5 million of the 5.65% notes remain outstanding.

Hongkong and Shanghai Banking Corp. Ltd. is the trustee.

Greentown China is a Hangzhou, China-based property developer.

© 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.