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Prospect News home > News index > List of issuers T > Headlines for Tenders 2010 > News item
Published on 11/29/2010 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

China's Parkson Retail to redeem $125 million 7 1/8% five-year notes

By Melissa Kory

Cleveland, Nov. 29 - Parkson Retail Group Ltd. announced that it will redeem its outstanding $125 million of 7 1/8% five-year senior guaranteed notes due May 30, 2012.

The notes will be redeemed on Dec. 29 at 103.5625% plus accrued interest up to the redemption date.

The Hong Kong and Shanghai Banking Corp. Ltd. is the redemption agent.

The company is a Chinese retail chain owned by Malaysia's Lion Group.


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