China Shenhua unit repurchases $86.67 million 3 7/8% bonds due 2025

By William Gullotti

Buffalo, N.Y., Aug. 10 – China Shenhua Overseas Capital Co., Ltd., a subsidiary of China Shenhua Energy Co., Ltd., bought back $86,674,000 of its 3 7/8% bonds due 2025 on Thursday, according to a company announcement.

The $500 million series was issued by the subsidiary in 2015 and guaranteed by Shenhua Hong Kong Ltd.

The repurchased Regulation S bonds, representing approximately 17.33% of the total issue, were canceled immediately after purchase.

An aggregate principal amount of $413,326,000, representing 82.67% of the initial principal amount, remains outstanding.

The coal mining company based in Beijing.

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