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Glorious Property sets settlement date for US$26.5M notes coupon interest

Glorious Property Holdings Ltd. said the unpaid coupon interest for the US$26.5 million senior notes due 2018 will be settled April 5.

The announcement comes after the 30-day extension for the payment ended April 3.

Under the provisions of the notes, delay beyond the 30-day period would trigger immediate repayment of outstanding principal, including accrued and unpaid interest.