China SCE Property calls 11½% notes due 2017 at 105.75

By Susanna Moon

Chicago, Jan. 6 – China SCE Property Holdings Ltd. said it will redeem all of its outstanding 11½% notes due Nov. 14, 2017.

The notes will be redeemed at 105.75% of par plus accrued interest to but excluding the redemption date of Feb. 4, according to a company notice.

As previously reported, the company priced $200 million of the five-year notes at par to yield 11½% on Nov. 6, 2012 and then priced a $150 million add-on to the notes Jan. 22, 2013.

China SCE Property is a property developer based in Xiamen, Fujian, China.

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