Yuzhou Properties Co. Ltd. spent US$272.5 million for the early and full redemption of its 9.00% senior notes due 2019, which were issued at an aggregate principal amount of US$250.0 million.
The company said it exercised, as planned, Dec. 8 its option to redeem the notes ahead of their maturity.
Following the redemption, the notes have been fully canceled. Withdrawal of the notes' listing on the Hong Kong stock exchange is expected to take effect upon the close of business Dec. 15.
