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Kaisa pays US$199M to fully redeem outstanding notes

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Kaisa pays US$199M to fully redeem outstanding notes

Kaisa Group Holdings Ltd. paid approximately US$198.6 million to fully redeem all outstanding existing notes at a redemption price equal to 100% of the outstanding principal amount, plus accrued and unpaid interest of US$1.0 million.

According to a previous report, the company planned to redeem nearly US$265.9 million of bonds at a price equal to 100% of the principal amount, in addition to any accrued and unpaid interest up to, but excluding, the Aug. 3 redemption date.