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Hengdeli buys back HK$115 million of 2.5% convertible bonds due 2015
By Marisa Wong
Madison, Wis., June 28 - Hengdeli Holdings Ltd. said it recently repurchased HK$115 million of its 2.5% convertible bonds due 2015 though a market transaction, according to a notice.
Following cancellation of the repurchased bonds, the principal amount of bonds outstanding is HK$2,192,000,000.
The Hong Kong-based company issued HK$2.5 billion of the convertible bonds on Oct. 20, 2010.
Hengdeli is a watch retailer and wholesaler.
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