China’s Kaisa redeems $161.3 million 12% notes due 2019

By Rebecca Melvin

New York, Aug. 12 – Kaisa Group Holdings Ltd. has redeemed and canceled $161.3 million of its 12% senior notes due 2019, according to a notice.

The notes were redeemed pursuant to a cash tender offer for the issue at $1,030 per $1,000 principal amount of notes.

Subsequently, there are $128.7 million of the notes remaining outstanding.

China Citic Bank International was the dealer manager of the tender.

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

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