Greentown China Holdings (HKG:3900) recorded successful tenders for outstanding bonds worth $451.9 million on Monday and plans to accept all the tendered bonds, a same-day 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 accepted bonds are expected to be paid by Tuesday. Following the payment, the 2025 April bonds and 2025 July bonds will be left with outstanding principal amounts of $134.3 million and $154.8 million respectively.
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