Tianfeng Securities buys bank $16.5 million more 4% notes due 2024

By Wendy Van Sickle

Columbus, Ohio, March 5 – Tianfeng Securities Co., Ltd. has repurchased $16.5 million, or about 4.85%, more of its $340 million of 4% notes due 2024 (ISIN: XS2427752527) through open market purchases via a wholly owned subsidiary, according to a notice.

The repurchased notes have been canceled.

After cancellation, the outstanding aggregate principal amount is $284.1 million, representing 83.56% of the original issue.

The securities brokerage is based in China.

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