China’s Zhongliang buys back $11 million more 7½% notes due 2022

By William Gullotti

Buffalo, N.Y., Dec. 3 – Zhongliang Holdings Group Co. Ltd. purchased an additional $11 million, or 4.4%, of the $250 million original principal amount of 7½% senior notes due January 2022, according to a company announcement on Friday.

The notes were purchased between Nov. 29 and Dec. 3.

With the most recent repurchase, Zhongliang has now purchased a total of $46.81 million, or 18.72%, of the notes.

The company will monitor market conditions and may further repurchase notes and will, if necessary, make further announcements regarding every subsequent 5% interval.

Zhongliang is a residential property management company based in Shanghai.

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