China’s XD redeems $30 million of 1.25% convertibles due 2026

By Wendy Van Sickle

Columbus, Ohio, Jan. 10 – XD Inc. repurchased $30 million more of its $280 million 1.25% convertible bonds due 2026, according to a notice.

The redemption brings the total repurchased amount of the convertibles to $90.4 million, or 32.29% of the original issue of the Regulation S bonds.

The repurchase was funded by internal resources of the company and its subsidiaries.

An aggregate principal amount of $189.6 million of the convertibles will remain outstanding, representing 67.71% of the original issue.

The mobile and web games company is based in Shanghai.

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