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China’s Weichai Power redeems $775 million 3¼% perpetuals at par
By Marisa Wong
Los Angeles, Sept. 15 – Weichai Power Co., Ltd. announced it has redeemed all $775 million outstanding 3¾% senior guaranteed perpetual capital securities issued by Weichai International Hong Kong Energy Group Co., Ltd. and guaranteed by Weichai Power.
The company redeemed the securities on Sept. 14 at par plus accrued distributions.
Weichai Power is a Weifang, China, maker of diesel engines.
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