Times Property Holdings Ltd. is planning to redeem in full the outstanding amount of its 11.450% senior notes due 2020, which were issued March 3, 2015.
The company intends to redeem the US$280.0 million outstanding amount of the notes March 5 at 105.725% of the principal amount, including accrued and unpaid interest. It will use its internal funds to finance the redemption.
Following the redemption, all the 11.450% notes will be canceled, and the company will apply to withdraw the notes' listing.
