China’s XD redeems $45.4 million of 1.25% convertibles due 2026

By Mary-Katherine Stinson

Lexington, Ky., Nov. 22 – XD Inc. reported as of Nov. 22 it had repurchased $45.4 million of its $280 million 1.25% convertible bonds due 2026, according to a notice.

The redemption represents 16.21% of the original issue of the Regulation S bonds.

The repurchase was funded by internal resources of the company and its subsidiaries.

An aggregate principal amount of $234.6 million of the convertibles will remain outstanding, representing 83.79% of the original issue.

The mobile and web games company is based in Shanghai.

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