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Times China increases 2022 note repurchase amounts from open market
Chicago, Feb. 28 – Times China Holdings Ltd. provided an update on repurchases from the 5¾% senior notes due 2022 and its 5.3% senior notes due 2022, according to an announcement.
Times China has now repurchased $49,576,000 of the 5¾% notes, representing about 22.03% of the initial $225 million issue. This leaves $175,424,000 of the notes remaining.
The company also repurchased $33.2 million of the 5.3% notes, representing 16.6% of the initial $200 million issue. There are $166.8 million of the notes outstanding.
The notes were purchased on the open market between Jan. 10 and Feb. 28.
Times China is a property development holding company based in Guangzhou, China.
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