China's Lonking gives redemption notice for $268.36 million 8½% notes

By Jennifer Chiou

New York, May 2 - Lonking Holdings Ltd. announced that it will redeem in full its $268.36 million of 8½% senior notes due 2016 on June 3.

The company will pay a redemption price of 104.25.

Any acquired bonds will be canceled.

Lonking is a construction machinery manufacturer based in Fujian, China. The company originally issued $350 million of the notes in June 2011.

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