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Shimao’s Crystal Idea trims amount outstanding on 2.25% convertibles
Chicago, Sept. 26 – Shimao Services Holdings Ltd.’s wholly owned subsidiary, Crystal Idea Group Ltd., reduced the amount outstanding on its 2.25% guaranteed convertible bonds due 2022 (ISIN: XS2401670349), according to a notice.
After recent buybacks, there are now HK$1,375,500,000 of the bonds outstanding.
Crystal Idea repurchased HK$335 million of the bonds, or 10.77% of the original principal amount (HK$3.11 billion).
The bonds were confirmed as canceled on Monday.
Shimao Services is a Shanghai-based property manager and a member of the Shimao Group.
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