China's Kaisa Group buys back $2 million of 13½% senior notes due 2015

By Marisa Wong

Madison, Wis., Sept. 6 - Kaisa Group Holdings Ltd. said it repurchased $2 million of its 13½% senior notes due 2015 in an over-the-counter market transaction on Aug. 29. Settlement occurred on Sept. 5.

The repurchased notes have been cancelled. The remaining outstanding principal amount of the notes is $648 million.

Kaisa is a Shenzhen, China-based property development company.

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