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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.