China’s Logan Group repurchases $20 million 7½% notes due 2022

By William Gullotti

Buffalo, N.Y., Jan. 14 – Logan Group Co. Ltd. announced a partial repurchase of its $300 million 7½% senior notes due 2022 (ISIN: XS1954961295), according to a notice on Friday.

The company repurchased $20 million of notes on the open market on Jan. 14, representing 6.67% of the aggregate principal amount issued.

The repurchased notes will be canceled.

According to the notice, the company may repurchase more of the notes.

Formerly Logan Property Holdings Co. Ltd., Logan Group is a property developer and construction company based in Shenzhen, China.

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