Wuxing Industry repurchases €57 million 6.2% guaranteed bonds due 2024

By William Gullotti

Buffalo, N.Y., Feb. 15 – Wuxing Industry Investment Husheng Co., Ltd. repurchased €57 million of its €97 million 6.2% guaranteed bonds due March 27, 2024 (ISIN: XS2597774962), according to an announcement on Thursday.

The buybacks represent about 58.76% of the issue. The company confirmed that the repurchased bonds were canceled on Feb. 9, leaving €40 million outstanding.

The bonds were issued March 29, 2023 and listed on the Singapore Exchange on April 3, 2023.

Incorporated in the British Virgin Islands, the company is an indirect wholly owned subsidiary of Huzhou Wuxing Industrial Investment Development Group Co., Ltd., a state-owned enterprise involved in infrastructure construction, land consolidation and development, as well as sale of resettlement housing in Huzhou City, China.

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