Agile Group said that it transferred funds to the China Securities Depository and Clearing Corp Shanghai branch to redeem an RMB 1.5 ($223mn) 6.2% onshore private placement issuance. Agile said there will be no material impact on its financial position due to the redemption. In August, the developer has two dollar bonds maturing, with a combined principal repayment of $600mn due, in addition to an RMB $1.5bn ($223mn) local bond.

Agile’s bonds maturing next month, its 5.125% 2022s and 4.85% 2022s are trading at 78 and 75 cents on the dollar respectively.

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