New World China Land buys back RMB 18 million 0% convertibles due 2012

By Marisa Wong

Madison, Wis., July 6 - New World China Land Finance Ltd. said it repurchased RMB 18 million, or 5.43%, of its zero-coupon guaranteed convertible bonds due 2012 in off-market transactions on July 6.

The company paid $14,603.92 for each RMB 100,000 principal amount.

After the repurchase, the outstanding principal amount of the bonds totals RMB 313.2 million.

The issuer's parent company, New World China Land Ltd., is the mainland China flagship property company of Hong Kong-based New World Development Co. Ltd.

© 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.