As per an exchange filing on October 6, Yuzhou Group Holdings’ Chairman and controlling shareholder Lam Lung-On purchased $5.55mn in principal of six of its dollar bonds. He bought:
- $2.55mn of its 6% 2022s, currently trading at 75.82
- $600k of 8.5% 2024s, currently trading at 62.19
- $1.2mn of 7.7% 2025s, currently trading at 59.75
- $400k of 8.3% 2025s, currently trading at 61.50
- $600k of 7.375% 2026s, currently trading at 52.91
- $200k of 7.85% 2026s, currently trading at 52.28
This comes after the company announced a buyback of $10mn in principal of its 6% bonds due 2022.
