China Industrial Securities buys $35 million of 2% bonds in open market

Chicago, Oct. 19 – China Industrial Securities International Financial Group Ltd. announced the repurchase of $35 million of its 2% guaranteed bonds due 2024 in the open market between Sept. 5 and Sept. 28, according to a press release.

The buyback represents 11.67% of the original principal amount of bonds issued.

After the bonds are canceled, there are $265 million, or 88.33%, of the bonds outstanding.

The company may undertake further repurchases, taking market conditions into account.

China Industrial is an investment management company based in Hong Kong.

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