China's Road King Infrastructure units buy back floaters, 9½% notes

By Marisa Wong

Madison, Wis., Oct. 28 - Road King Infrastructure Finance (2007) Ltd. repurchased and will cancel $1 million of its senior floating-rate notes due 2012, according to a company announcement.

Following the repurchase, $149 million principal amount of the senior notes remains outstanding.

In a similar announcement, RKI Finance (2010) Ltd. said it repurchased and will cancel $13.42 million of its 9½% senior guaranteed notes due 2015. Following the cancelation, $336.58 million of the 9½% notes will remain outstanding.

The issuers are subsidiaries of Hong Kong-based toll road and property company Road King Infrastructure Ltd.

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