Ronshine China buys back some 10½%, 8¾% notes due 2022

By Rebecca Melvin

Concord, N.H., Dec. 8 – Ronshine China Holdings Ltd. said it recently bought back some of its 10½% notes due 2022 (ISIN: XS1957481440) and 8¾% senior notes due 2022 (ISIN: XS1976760782).

The company said it has repurchased $9.91 million of the 10½% notes, of which there was $500 million originally issued, and $2 million of its 8¾% notes, of which there was $700 million originally issued.

For the year so far, the company has repurchased $123.96 million of senior notes in all. It has repurchased $43.51 million of 10½% notes or 8.7% of the issue; and $12 million of 8¾% notes, representing 1.71% of the issue.

The company intends to continue buying back senior notes when appropriate.

All of the notes repurchased notes will be canceled.

Ronshine is based in Fuzhou, China.

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