Chinese People Holdings retires rest of $20 million 2% convertibles

By Susanna Moon

Chicago, June 15 - Chinese People Holdings Co. Ltd. said it redeemed the remaining $20 million of its 2% convertible bonds due 2009 at 106% of par on Monday.

The company also paid Indopark $200,000 for interest accrued up to and including the maturity date.

Monday was the third anniversary of the bonds' issue date.

Based in Hong Kong, the company provides mechanical and engineering services to the gas and oil pipeline sector and was formerly known as Chinese People Gas Holdings Co. Ltd.

© 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.