China’s Wuhan Metro completes $400 million redemption of perpetuals

By Mary-Katherine Stinson

Lexington, Ky., May 26 – Wuhan Metro Group Co., Ltd. has completed its redemption of $400 million senior perpetual securities, according to notice on Thursday.

As of May 26, there are no outstanding securities remaining in the issue.

The notes are expected to be delisted on the Stock Exchange of Hong Kong Ltd. effective June 2.

The company is based in Wuhan, China, and offers transportation infrastructure construction services and conducts land reserve, property development and financing businesses.

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