China’s Tunghsu Group buys back $20 million of 7% notes due 2020

By Marisa Wong

Morgantown, W.Va., May 7 – China’s Tunghsu Group Co., Ltd. said it repurchased on May 4 $20 million of its $440 million outstanding 7% senior guaranteed notes due 2020.

Following cancellation of the repurchased notes, $420 million principal amount will remain outstanding.

The notes were issued through subsidiary Tunghsu Venus Holdings Ltd. and are guaranteed by Tunghsu Group.

Tunghsu is a Beijing-based manufacturer of flat panel display glass substrates and related equipment.

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