China’s Zhenro Properties calls $200 million 8.6% notes due 2020

By Wendy Van Sickle

Columbus, Ohio, Oct. 30 – Zhenro Properties Group Ltd. will fully redeem its $200 million of 8.6% senior notes due 2020 on Nov. 14.

The notes will be redeemed at par plus accrued interest to but excluding the redemption date using some proceeds of an offering of new $300 million of 9.15% senior notes (B2/B+) due May 6, 2023, according to a notice.

The company is a real estate developer and property manager based in Shanghai.

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