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China Huarong repurchases additional notes on open market
Chicago, Sept. 27 – China Huarong International Holdings Ltd. provided an update Wednesday regarding open-market purchases of several series of notes in an exchange announcement.
The company reported that it has now, in aggregate, repurchased the following principal amounts of notes from the related four series:
• $249.5 million, or 35.64%, of the $700 million 3 3/8% guaranteed notes due February 2030;
• $88 million, or 25.14%, of the $350 million 3 5/8% guaranteed notes due September 2030;
• $21,554,000, or 10.78%, of the $200 million 5½% guaranteed notes due April 2047; and
• $178.17 million, or 25.45%, of the 4.95% guaranteed notes due November 2047.
After cancellation, there will be outstanding:
• $450.5 million of the February 2030 notes;
• $262 million of the September 2030 notes;
• $178,446,000 of the April 2047 notes; and
• $521.83 million of the November 2047 notes.
According to earlier announcements, China Huarong Asset Management Co., Ltd. is the parent issuer. International Holding is the guarantor for the parent company.
The state-owned asset manager is based in Beijing.
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