VCredit repurchases $14.9 million more 11% notes due 2022

By Rebecca Melvin

New York, April 26 – VCredit Holdings Ltd. repurchased and canceled a $14.91 million portion, or 17.54%, of its $85 million 11% senior notes due 2022 (ISIN: XS2263287935), according to a notice with the Stock Exchange of Hong Kong Ltd.

After cancellation of the repurchased notes, $54.44 million, representing 64.05% of the original principal amount, 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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