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China’s XD redeems $30 million more 1.25% convertibles due 2026
By Wendy Van Sickle
Columbus, Ohio, Jan. 18 – XD Inc. repurchased $30 million more of its $280 million 1.25% convertible bonds due 2026, according to a notice.
The redemption brings the total repurchased amount of the convertibles to $120.4 million, or 43% of the original issue of the Regulation S bonds.
The repurchase was funded by internal resources of the company and its subsidiaries.
An aggregate principal amount of $159.6 million of the convertibles will remain outstanding, representing 57% of the original issue.
The mobile and web games company is based in Shanghai.
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