China’s Times Property to redeem $305 million 12 5/8% notes due 2019

By Marisa Wong

Morgantown, W.Va., Feb. 17 – Times Property Holdings Ltd. said it will redeem its 12 5/8% senior notes due 2019 in full on March 21.

The redemption price is 106.313 plus accrued interest to the redemption date.

As of Feb. 17, there is $305 million principal amount of the notes outstanding.

The company said it will pay the redemption amount with internal funds.

The property developer of mid-market to high-end residential properties is based in Guangzhou, China.

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