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Published on 11/19/2019 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

China’s Kaisa repurchases $175 million of 7 7/8% notes due 2021

By Marisa Wong

Los Angeles, Nov. 19 – Kaisa Group Holdings Ltd. bought back $175 million of its 7 7/8% senior notes due 2021 through on-market transactions, according to a notice.

Following cancellation of the repurchased notes on Nov. 18, $400 million principal amount of the notes remains outstanding.

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


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