China's Hidili Industry buys back $20 million 8 5/8% notes due 2015

By Marisa Wong

Madison, Wis., Sept. 16 - Hidili Industry International Development Ltd. said it recently repurchased a total of $20 million of its $400 million 8 5/8% notes due 2015.

The notes were repurchased at a price below par in a market transaction.

The repurchased notes will be cancelled, leaving $380 million principal amount of the 8 5/8% notes outstanding.

The coal and coke company is based in Panzhihua, China.

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