Far East repurchases $13.37 million 2021, $8.23 million 2023 notes

By Taylor Fox

New York, Sept. 15 – Far East Consortium International Ltd. has repurchased $13.37 million, or 4.46%, of its 3¾% notes due 2021 and $8.225 million, or 5.48%, of its 4½% notes due 2023 since April 1, according to a company announcement.

Subject to its capital expenditure plan and overall cash flows of the group, Far East may seek to repurchase further notes.

Far East Consortium is a Hong Kong-based business conglomerate with interests in property development, hospitality and car park operations.

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