| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers T > Headlines for Tenders > News item |
China ITS buys back additional 10% guaranteed bonds due 2015
By Marisa Wong
Madison, Wis., May 19 - China ITS (Holdings) Co., Ltd. said it purchased an additional RMB 33 million of its 10% guaranteed bonds due 2015.
The company purchased RMB 20 million of the bonds on April 29 and another RMB 13 million on April 30.
The purchased bonds were canceled on May 16, leaving RMB 116 million of the original RMB 210 million principal amount outstanding, according to a company announcement.
The company purchased and canceled an initial RMB 20 million of the bonds in May 2013, another RMB 25 million on Jan. 6 and RMB 16 million more on Feb. 14, as previously reported.
The company said it purchased the bonds in the interest of the company and its shareholders. The company believes the transaction will reduce its future financial expenses and lower its financial gearing level.
China ITS is a Beijing-based transportation management system.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.