Sound Global buys back portion of 6% convertible bonds due 2015 at 99

By Marisa Wong

Madison, Wis., Nov. 21 - Sound Global Ltd. said it repurchased RMB 15 million of its 6% convertible bonds due 2015 on Nov. 15.

The convertible bonds were repurchased through an over-the-counter transaction at a price of 99.

Following settlement and cancellation of the repurchased bonds, which took place on Nov. 20, RMB 607 million principal amount remains outstanding.

The Beijing-based water and wastewater treatment provider originally issued RMB 885 million of the convertibles.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.