Seazen Group (HKG:1030) said its unit, New Metro Global, accepted tenders to repurchase portions of its 4.5% guaranteed senior notes due 2026 and 11.88% guaranteed senior notes due 2027, according to March 6 Hong Kong bourse filings.

For the 2026 notes, about $194.4 million in aggregate principal amount was validly tendered by the March 5 deadline, of which the company will accept about $168 million for purchase.

Following the cancellation of the accepted notes, the outstanding principal amount will be about $236 million.

For the 2027 notes, about $83.8 million in aggregate principal amount was tendered, and the company will accept about $66 million for purchase.

After cancellation of the accepted notes, the outstanding principal amount will be about $94 million.

Payment for the accepted notes under both offers, together with accrued interest, is expected to be made on or about March 10.