China Agri-Products buys back HK$20 million of 1% notes due 2024

By Mary-Katherine Stinson

Lexington, Ky., Oct. 13 – China Agri-Products Exchange Ltd. repurchased another HK$20 million of its 1% notes due 2024 (ISIN: XS1073451913) in open-market purchases on Sept. 11 and Oct. 13, according to a company announcement.

These repurchases represent 5% of the original HK$400 million, which were issued in several tranches in 2014 under its HK$1 billion medium-term note program. Altogether, 80% of the notes have been repurchased and canceled.

The company completed the cancellation of HK$10 million of the notes from the Sept. 11 repurchase on Sept. 19. The notes purchased on Oct. 13 will be canceled as soon as practicable.

The repurchases were funded by the internal resources of the company.

The agricultural trading company is based in Hong Kong.

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