Chinese property developer Redco Properties partially repurchased $68.3mn in principal of three of its dollar bonds in the open market late on Monday. It bought back:
- $38.5mn of its 8% sustainability notes due 2022 that currently trade at 70.25 cents on the dollar
- $15.6m of its 11% sustainable notes due 2022 that currently trade at 57.94 cents on the dollar
- $14.2m of the 9.9% 2024s that currently trade at 52.56 cents on the dollar
