China’s Hopson Development cancels $13 million of 6.8% notes due 2023

By Mary-Katherine Stinson

Lexington, Ky., Nov. 27 – Hopson Development Holdings Ltd. announced it canceled $13 million of repurchased 6.8% guaranteed senior notes due 2023 (ISIN: XS2353028298) on Nov. 24, according to an announcement.

The redemption represented 5.5% of the outstanding notes.

Before the redemption, $237.5 million principal amount was outstanding. Following cancelation, $224.5 million will remain outstanding.

Hopson is a real estate company based in Guangzhou, China.

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