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Prospect News home > News index > List of issuers E > Headlines for Excellence Commercial Management Ltd. > News item
Published on 8/9/2022 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Excellence Commercial buys back $20 million more 6.8% notes due 2022

By Mary-Katherine Stinson

Lexington, Ky., Aug. 9 – Excellence Commercial Management Ltd. repurchased $20 million more of its 6.8% guaranteed senior notes due Aug. 15, 2022 (ISIN: XS2035084925) in early August, according to a notice Tuesday.

The notes are guaranteed by Excellence Commercial Properties Co., Ltd.

The August repurchases represent 13.3% of the original $150 million issue.

The repurchased notes were canceled on Aug. 2 and Aug. 5, leaving $100 million of the issue outstanding.

The real estate development company is based in Shenzhen, China.


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