(18 Apr 2016 - 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 a US$250 million 6.525% Senior Notes at par due 2019.

The estimated net proceeds of the Notes (after deducting the underwriting commission and other expenses incurred in the Notes Issue) will amount to approximately US$244.7 million. The Company intends to use the proceeds to refinance its existing indebtedness and for general working capital purposes. BofA Merrill Lynch, Deutsche Bank and UBS are the joint global coordinators of the Notes Issue, with ABC International, BofA Merrill Lynch, Credit Suisse, Deutsche Bank, Guotai Junan International and UBS as the joint bookrunners.

Aoyuan management commented, “The Notes Issue has been well-received by the international capital markets and got 8.8 times oversubscription, which has reaffirmed that the comprehensive strength of Aoyuan is widely recognized by leading global institutional investors. The continuous tightening in the offering yield will help further optimize the Company’s debt structure and lower its borrowing costs. Capitalizing on capturing the right windows in the capital markets along with professional investor relations management, Aoyuan has completed a number of onshore and offshore financing activities to underpin its rapid development. In 2015, Aoyuan’s contracted sales tripled that in 2012. Going forward, we will continue to maintain prudent financial management and diversify onshore and offshore financing channels, while steadily facilitating the business development, thus delivering satisfactory returns to our shareholders.”

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