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.
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.