Glorious Property pays overdue coupon for senior notes due 2018

By Marisa Wong

Morgantown, W.Va., April 5 – China’s Glorious Property Holdings Ltd. said it has remitted the funds to settle all interest payable on its senior notes due 2018, totaling $26.5 million, as of Wednesday.

The company said it has notified shareholders and trustee Bank of New York Mellon of the interest payment.

On Monday the company had announced a delay in making the coupon payment for the notes.

Glorious is a property developer based in Shanghai.

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