CSI’s Estate Sky unit buys back $3.5 million more 6½% notes

By Marisa Wong

Morgantown, W.Va., March 22 – Estate Sky Ltd. announced it repurchased a total of $3.5 million of its 6½% guaranteed notes due 2018 on March 16.

The buyback was carried out through on-market purchases by a subsidiary of Estate Sky’s holding company, CSI Properties Ltd.

The bonds were repurchased at an average price of 102.71.

Following settlement of the latest buyback, $104.85 million of the original $150 million principal amount will remain outstanding.

CSI is a property investment and development company based in Hong Kong. Subsidiary Estate Sky is incorporated in the British Virgin Islands.

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