(July 15, 2019 – Hong Kong) China Aoyuan Group Limited (“Aoyuan” or the “Company”, Stock Code: 3883) is pleased to announce that the Company has secured an aggregate of approximately HK$1.6 billion three-year offshore syndicated loan, with Nanyang Commercial Bank, Hang Seng Bank, Industrial Bank Hong Kong Branch, Bank of East Asia and Bank of Shanghai (Hong Kong). 

 

The syndicated loan will bear an interest rate of HIBOR plus 4.95% per annum. The proceeds will mainly be used for refinancing its existing financial indebtedness and general corporate purposes. 

 

Aoyuan management commented, “Backed by commercial banks, this syndicated loan reaffirmed banks’ confidence in Aoyuan’s comprehensive strength and prospects. Aoyuan is committed to diversifying its financing channels. In addition to this syndicated loan, Aoyuan has raised an aggregate of US$1.2 billion through public offering and private placement of three-year and four-year USD bonds in 2019, further extending its debt maturity profile. Aoyuan will adhere to its prudent financial management while achieving robust and high-quality business growth, thus delivering fruitful returns to shareholders and investors.”