China High Speed unit redeems 7½% corporate bonds due 2023 in full

By Sarah Lizee

Olympia, Wash., Aug. 19 – China High Speed Transmission Equipment Group Co., Ltd. subsidiary Nanjing High Accurate Drive Equipment Manufacturing Group Co., Ltd. redeemed in full on Aug. 14 its RMB 500 million 7½% corporate bonds due Jan. 2, 2023, third tranche, according to a notice.

The redemption was funded with internal resources.

Nanjing High Accurate Drive redeemed the bonds by paying to the subscriber the remaining principal amount of the bonds and accrued interest from Jan. 2 to Aug. 13.

China High Speed is a gear transmission equipment manufacturer based Nanjing, China.

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