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Kaisa redeems US$42.5M of US$3.09B senior notes due 2024

Kaisa Group Holdings Ltd. redeemed on the market and will cancel US$42.5 million of its 9.375% senior notes due 2024, which amounted to an aggregate value of US$3.09 billion, as at May 18.

After the June 12 redemption, the series has an outstanding amount of US$3.05 billion, the Hong Kong-listed Chinese developer said.