Peking University’s Nuoxi says suspension of trading of four series of bonds continues

By Wendy Van Sickle

Columbus, Ohio, Nov. 5 – Nuoxi Capital Ltd. said trading in four series of its bonds will continue to be suspended until further notice, according to a company announcement on Friday.

The bonds include €80 million 4¾% guaranteed bonds due 2021, $300 million 7.45% guaranteed bonds due 2022, $350 million 7½% guaranteed bonds due 2022 and $400 million 5.35% guaranteed bonds due 2023.

Each series is unconditionally and irrevocably guaranteed by Peking University Founder Group Co. Ltd., except the 5.35% bonds, which are guaranteed by Hongkong JHC Co., Ltd. with a keepwell deed from Peking University Founder Group.

Peking University Founder Group announced on Oct. 21 that a new Founder Group was established on that date under the group’s restructuring plan.

Trading in the bonds was initially suspended on Feb. 24, 2020.

The issuer is a Beijing-based technology conglomerate.

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