China Railway redeems $800 million 3.95% perpetuals

By Rebecca Melvin

New York, Aug. 2 – China Railway Construction Corp. Ltd. announced that it redeemed in whole $800 million of 3.95% senior guaranteed perpetual securities issued by its CRCC Yupeng Ltd. subsidiary, according to a company announcement.

The securities were redeemed on Aug. 1 and cancelled.

As previously reported, the redemption price was par plus accrued distributions of $15.8 million to the redemption date.

The construction group is based in Beijing.

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