(August 29, 2018 – Hong Kong) China Aoyuan Property Group Limited (“Aoyuan” or the “Company”, Stock Code: 3883), a renowned property developer in China, is pleased to announce that the Company successfully issued US$225 million 7.95% senior notes and SG$100 million 7.15% senior notes due 2021.

        The estimated net proceeds of the new notes (after deducting the underwriting discount and other estimated expense payable in connection with this offering) will amount to approximately US$221 million and SG$99 million. The Company intends to use the proceeds to refinance its existing offshore indebtedness and for general working capital. The joint lead managers and the joint bookrunners of the USD senior notes are (in alphabetical order) BOCOM International, CEB International, Deutsche Bank, Guotai Junan International, Haitong International, Morgan Stanley, OCBC Bank, Silk Road International and UBS. The sole lead manager and sole bookrunner of the SGD senior notes is OCBC Bank.

        Aoyuan management commented, “This is the first-ever dual currency senior notes issuance in the industry, which successfully further diversified Aoyuan’s financing channels. Both USD and SGD senior notes were well-received by the international capital markets and were oversubscribed by 8.2 times and 1.8 times, respectively. For 2018 year-to-date, Aoyuan has successfully raised over US$1.3 billion through diversified offshore channels including senior notes and club loans, further optimizing its debt structure. Benefiting from strong growth in both contracted sales and business performance, following the credit rating upgrades by three major international rating agencies, namely Fitch, Moody's and Standard & Poor's in 2016 and 2017, the Company’s rating outlook has been upgraded to “Positive” by Fitch in August 2018. Aoyuan will keep up the good work, so as to build a solid foundation for its robust and sustainable growth, thus delivering fruitful returns to shareholders and investors.”