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Published on 5/30/2013 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

China ITS buys back portion of 10% guaranteed bonds due 2015

By Marisa Wong

Madison, Wis., May 30 - China ITS (Holdings) Co., Ltd. said it purchased RMB 20 million, or 9.5238%, of its RMB 210 million 10% guaranteed bonds due 2015.

The purchased bonds were canceled on May 29, leaving RMB 190 million principal amount outstanding, according to a company announcement.

The company said it purchased the bonds in the interest of the company and its shareholders.

China ITS is a Beijing-based transportation management system.


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