| AFX UK Focus Story |
| Go to market news section |
|
|
| Company |
NINE DRAGONS PAPER HOLDINGS
|
|
| TIDM |
|
| Headline |
Nine Dragons Paper to buy back $118.6 mln notes |
| Released |
04:00 09-Jul-2009 |
| Number |
AFX.nsp174145 |
|
HONG KONG, July 9 (Reuters) - Nine Dragons Paper Holdings Ltd on Thursday said it had offered to purchase for cash all of its outstanding 7.875 percent senior notes due 2013 worth $118.57 million.
Based on current ratings, the interest rate payable on the notes on the next due date of Oct 29 would be 9.875 percent, it said in a statement.
The offer on the notes, which are listed on the Singapore Exchange, will expire at midnight New York time on August 6, it added.
For full statement, click: www.hkexnews.hk/listedco/li stconews/sehk/20090709/LTN20090709021.pdf.
(Reporting by Nerilyn Tenorio; Editing by Jonathan Hopfner)
((nerilyn.tenorio@thomsonreuters.com; 852-28436441)) Keywords: NINEDRAGONS/NOTES
(If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)
COPYRIGHT
Copyright Thomson Reuters 2009. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
 |
|
|
London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are
responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and
countries specified therein should not be relied upon other than by such persons and/or outside the specified countries.
Terms and conditions, including restrictions on use and distribution apply.
|
AFX UK Focus