Zhongliang buys back additional 7½%, 8½%, 9½% notes due 2022

By Wendy Van Sickle

Columbus, Ohio, Sept. 15 – China’s Zhongliang Holdings Group Co. Ltd. conducted further buybacks of its debt on the open market between Sept. 13 and Sept. 15, according to a company announcement.

The company repurchased $4 million of its 7½% notes due January 2022, $1 million of its 8½% notes due May 2022 and $2.5 million of its 9½% notes due July 2022.

The company said it still intends, when appropriate and market conditions are right, to purchase additional notes.

Zhongliang is a residential property management company based in Shanghai.

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