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China’s Maoye buys back $20.71 million of 7¾% senior notes due 2017
By Marisa Wong
Morgantown, W.Va., March 3 – Maoye International Holdings Ltd. repurchased a total of $20,711,000 of its 7¾% senior notes due 2017 in the open market from Dec. 20 to March 3.
The company cancelled $2 million of the repurchased notes on Dec. 28; the remaining $18,711,000 principal amount is being held in treasury pending cancellation.
After cancellation of the repurchased notes, $201,689,000 of the original $300 million principal amount will be left outstanding.
Maoye is a department store based in Shenzhen, China.
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