China’s Zhongliang buys back $3 million more 11˝% notes due 2021

By Rebecca Melvin

Concord, N.H., July 30 – Zhongliang Holdings Group Co. Ltd. conducted further buybacks of its 11˝% senior notes due September 2021, according to a company announcement.

The company repurchased $3 million of the 11˝% notes in the open market on July 29, representing about 0.75% of the aggregate principal amount of the notes originally issued.

The repurchase followed a $6 million repurchase of the September 2021 notes on Monday and Tuesday.

Subject to the discretion of the company’s board, the repurchased notes may or may not be canceled.

Zhongliang is a residential property management company based in Shanghai.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.