China Aoyuan (HKG:3883) paid a PIK interest in an amount of $14.5 million for the 5.5% senior bonds due 2031, according to a Monday filing with the Singapore Exchange.
The interest was calculated on the basis of an interest accrual basis for the bonds of $527.9 million.
Following the payment of interest, the outstanding principle amount of the bonds has been increased to $542.4 million.
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