Greentown China (HKG:3900) accepted and repurchased $451.9 million in total principal amount of its 2025 senior bonds, a Wednesday Hong Kong bourse filing said.
On Feb. 13, the Chinese property developer offered to buy back outstanding bonds totaling $741 million. This included $446.5 million of its 4.7% senior bonds and $294.5 million of its 5.65% senior bonds, which are due in April and July, respectively.
The company accepted $312.2 million in principal amount of its April 2025 senior bonds and $139.7 million in principal of its July 2025 senior bonds leaving the bonds with $134.3 million and $154.8 million in outstanding principal amounts, respectively.