Beijing Properties unit repurchases $33 million of 9% bonds due 2020

By Sarah Lizee

Olympia, Wash., March 26 – Beijing Properties (Holdings) Ltd. unit Nimble City Ltd. repurchased $33 million, or 13.2%, of its $250 million 9% bonds due 2020, according to a notice.

The repurchases were made in the open market from March 19 to March 26.

Following the repurchases, $217 million, or 86.8%, of the bonds remain outstanding.

The issuer said it may or may not make further repurchases of the bonds.

The property developer is based in Hong Kong.

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