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Sound Global buys back portion of 6% convertible bonds due 2015
By Marisa Wong
Madison, Wis., Dec. 21 - Sound Global Ltd. said it repurchased RMB 7 million of its 6% convertible bonds due 2015 on Dec. 20.
The convertible bonds were repurchased through an over-the-counter transaction.
Following the purchase, RMB 600 million principal amount remains outstanding.
The Beijing-based water and wastewater treatment provider originally issued RMB 885 million of the convertibles.
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