China’s Nanshan Capital buys back $65 million 7% bonds due 2022

By William Gullotti

Buffalo, N.Y., June 23 – Nanshan Capital Holdings Ltd. repurchased $65 million of its 7% guaranteed bonds due 2022 on the open market, according to an announcement on Thursday.

The bonds, guaranteed by Nanshan Group Co., Ltd., were initially issued June 29, 2021 and Oct. 11, 2021 for a total of $205 million.

The buyback represents 31.7% of the aggregate principal, all of which has been subsequently canceled.

Remaining outstanding are $140 million of the bonds, or 68.3% of the issue.

China-based Nanshan manufactures aluminum products.

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