Automotive Mar 14, 2022 01:39 PM (GMT+8) · EqualOcean
Recently, Shenzhou car rental announced that it would offer to redeem the $100 million senior bonds due in May 2022 in advance by cash purchase, with the intention price of 98% - 99% of the face value, which is higher than the current market price. It is understood that this is the second time in less than half a year that Shenzhou car rental started the early redemption of US dollar bonds after buying back the principal of US $92985000 on October 28, 2021. If the $100 million repurchase is completed, the total principal amount of China's car rental outstanding notes is only $179 million.

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