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Central China Real Estate buys back $3.6 million of notes
By Wendy Van Sickle
Columbus, Ohio, Sept. 20 – Central China Real Estate Ltd. announced a partial repurchase of its 7¼% senior notes due August 2024 (ISIN: XS2215180550) and its 7¾% senior notes due May 2024 (ISIN: XS2262030369), according to a press release.
The company bought $2,151,000 of the August 2024 notes, or 0.72% of the initial principal amount. The company also bought $1,451,000 of the May 2024 notes, or 0.48% of the initial amount of that series.
The notes were purchased on the open market.
According to the notice, the company may repurchase more notes in the future.
The investment holding company is based in Zhengzhou City, China, and primarily engages in property development in China’s Henan Province.
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