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Times China repurchases $42.7 million notes from two series due 2022
By Rebecca Melvin
Concord, N.H., Jan. 28 – Times China Holdings Ltd. repurchased and canceled portions of its 5¾% senior notes due 2022 and its 5.3% senior notes due 2022, according to an announcement on Friday.
Times China repurchased $22.7 million of the 5¾% notes, representing about 10.1% of the initial $225 million issue.
The company also repurchased $20 million of the 5.3% notes, representing 10% of the initial $200 million issue.
The notes were purchased on the open market between Jan. 10 and Jan. 28.
Times China is a property development holding company based in Guangzhou, China.
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