China South City repurchases $58 million of three series of notes

By Sarah Lizee

Olympia, Wash., May 4 – China South City Holdings Ltd. made $58 million of on-market repurchases of its senior notes, according to a notice.

The repurchased notes include $39.9 million, or 15.96%, of its notes due in August, $9.6 million, or 3.84%, of its notes due January 2021 and $8.5 million, or 3.27%, of its notes due March 2021.

Following cancellation of the repurchased notes, $201.1 million of the notes due in August, $219.4 million of the notes due January 2021 and $243.5 million of the notes due March 2021 will remaining outstanding.

Based in Hong Kong, China South City develops and operates large-scale, integrated logistics and trade centers in China.

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