CSI’s Estate Sky buys back $2.8 million of 4 7/8% notes due 2021

By Taylor Fox

New York, March 15 – Estate Sky Ltd. repurchased $2.8 million of its $250 million 4 7/8% guaranteed notes due 2021 on March 12, according to a company announcement.

The bonds were repurchased at an average price of 99.685 through on-market purchases via a subsidiary of Estate Sky’s holding company, CSI Properties Ltd.

Following the cancellation of the repurchased notes, $238.4 million principal amount will remain outstanding.

CSI is a Hong Kong-based investment holding company. Subsidiary Estate Sky is incorporated in the British Virgin Islands.

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