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Prospect News home > News index > List of issuers Tenders > Headlines for 2023 > News item
Published on 8/25/2023 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

China’s CAR to fully redeem 9¾% notes due 2024 on Sept. 27

By Mary-Katherine Stinson

Lexington, Ky., Aug. 25 – CAR Inc. intends to fully redeem its outstanding 9¾% senior notes due 2024 (ISIN: XS2293887035) on Sept. 27 at 103.65625 plus accrued interest, according to an announcement.

As of Aug. 25, there are $155,036,000 in total principal of notes outstanding.

The redemption will be funded by internal resources.

Upon redemption, the notes will be canceled.

Citicorp International Ltd. is the trustee.

CAR is a Chaoyang, China-based car rental and used car company.


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