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BRIEF-China Jinmao says to repurchase unit's outstanding $500 mln notes due 2017
February 21, 2017 / 1:03 AM / 10 months ago

BRIEF-China Jinmao says to repurchase unit's outstanding $500 mln notes due 2017

Feb 21 (Reuters) - China Jinmao Holdings Group Ltd :

* Offer to repurchase for cash Franshion Investment Limited’s outstanding us$500 million 4.70% senior guaranteed notes due 2017

* Price payable per US$1,000 principal amount of notes accepted for purchase will be US$1,022.50 together with accrued interest payments

* Purpose of offer is to improve and extend company’s debt maturity profile and reduce company’s financing costs Source text for Eikon: Further company coverage:

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