Times China to redeem $350 million 7.85% senior notes due 2021

By Taylor Fox

New York, Jan. 8 – Times China Holdings Ltd. plans to redeem $350 million of its $450 million outstanding 7.85% senior notes due 2021, according to a company announcement.

The notes will be redeemed Friday at 101 plus interest.

Upon completion of the partial redemption, the outstanding principal amount of the 2021 notes will be $100 million.

The company will satisfy the redemption payment of the principal amount plus accrued interest, if any, using internal funds.

Citicorp International Ltd. is the trustee.

Times China is a property development holding company based in Guangzhou, China.

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