China’s Yuzhou buys back portions of senior notes due 2024, 2025

By Marisa Wong

Los Angeles, July 13 – Yuzhou Group Holdings Co. Ltd. has repurchased a total of $3 million of its 8 3/8% guaranteed senior notes due 2024 and a total of $12 million of its 8.3% guaranteed senior notes due 2025, according to a company announcement.

The partial buybacks represent about 0.6% and 2.4% of the original principal amounts, respectively.

After cancellation of the repurchased notes, $497 million of the original $500 million of 2024 notes and $488 million of the original $500 million of 2025 notes will remain outstanding.

Based in Shanghai, Yuzhou develops residential properties in southern China.

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