China’s Haimen Zhongnan buys back $10 million of 10 7/8% notes

Chicago, July 19 – Haimen Zhongnan Investment Development (International) Co., Ltd., a subsidiary of Jiangsu Zhongnan Construction Group Co., Ltd., repurchased $10 million of its outstanding 10 7/8% senior notes due 2022 (ISIN: XS2008677341) on the open market, representing 2% of the initial principal amount of the notes, according to an announcement.

After cancellation of the repurchased notes, there will be $72.85 million of the notes outstanding.

The company plans further announcements for every subsequent 5% interval of notes repurchased, based on the initial amount.

The Haimen Zhongnan property development and construction services company is located in the Jiangsu Province of China.

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