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Chengfa Industrial buys back, cancels $105 million 6½% bonds due 2023
By Mary-Katherine Stinson
Lexington, Ky., July 20 – Chengfa Industrial (BVI) Co. Ltd. repurchased and canceled all $105 million of its 6½% bonds due Nov. 24, 2023 (ISIN: XS2547145008) on July 14, according to a notice.
The bonds, which had a keepwell deed from Hangzhou Qiantang New Area City Development Group Co., Ltd., are no longer outstanding.
The notes were originally issued on Nov. 25, 2022.
The company is based in China.
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