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Published on 12/22/2016 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

China’s Maoye buys back $5 million more 7¾% senior notes due 2017

By Susanna Moon

Chicago, Dec. 22 – Maoye International Holdings Ltd. repurchased another $5 million of its $300 million 7¾% senior notes due 2017 in the open market on Dec. 8.

The repurchased notes were canceled Dec. 14, and the $72.6 million of notes bought back on Dec. 6 were canceled on Dec. 19, according to a company notice.

After the cancellation, there is $222.4 million of the notes left outstanding.

Maoye is a department store based in Shenzhen, China.


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