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China’s VCredit repurchases $4.26 million 11% notes due 2022
By Rebecca Melvin
Concord, N.H., April 22 – VCredit Holdings Ltd. repurchased and canceled a $4.26 million portion, or 5.01%, of its $85 million 11% senior notes due 2022 (ISIN: XS2263287935), according to a notice with the Stock Exchange of Hong Kong.
The notes were purchased privately for a total consideration of $4,047,000.
After cancellation of the repurchased notes, $69.35 million of the notes will remain outstanding.
Based in Hong Kong, the company offers microloans, financing guarantees, financial leasing and other services.
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