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Country Garden buys back another RMB 90 million 2.5% convertibles
By Marisa Wong
Madison, Wis., Sept. 15 - Country Garden Holdings Co. Ltd. said it repurchased an additional RMB 90 million of its dollar-settled 2.5% convertible bonds due 2013 through an over-the-counter market transaction on Sept. 15.
The repurchased bonds will be canceled after settling on Sept. 20, leaving RMB 1,363,600,000 principal amount outstanding.
As previously reported, the company announced the repurchase of RMB 75 million on Sept. 14, RMB 449.5 million of the bonds on Aug. 25, RMB 35 million on July 21, RMB 120 million on May 25, RMB 214.4 million on May 24, RMB 200 million on May 6, RMB 110 million on May 5, RMB 485.8 million on May 4 and RMB 390 million on April 28.
Country Garden is a Hong Kong-based property developer.
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