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Aoyuan Successfully Issues 5.5-year US$350 million 6.2% Senior Notes at Par Longest USD Bond Maturity Ever Issued by Aoyuan Further Optimizes Debt Structure


    (September 17, 2020 – Hong Kong) China Aoyuan Group Limited (“Aoyuan” or the “Company”, Stock Code: 3883) announces that the Company has successfully issued US$350 million 6.2% senior notes due March 2026 at par.


   The estimated net proceeds of the new notes (after deducting the underwriting commission and other estimated expense payable in connection with this offering) will amount to approximately US$345 million. The Company intends to use the proceeds to refinance its existing offshore indebtedness. The joint lead managers and the joint bookrunners of the new notes are (in alphabetical order) AMTD Group, Barclays Bank, BofA Securities, China CITIC Bank International, CICC, CMB International, Deutsche Bank, Guotai Junan International, Haitong International, HSBC Bank, Morgan Stanley, OCBC Bank and UBS.


    Aoyuan management commented, “The new notes issuance represents the longest USD bond maturity in Aoyuan’s issuance history, demonstrating the confidence and recognition of investors for Aoyuan’s comprehensive strength and prospect. For year-to-date 2020, Aoyuan has secured financing through diversified channels including issuance of offshore senior notes in public and private placement, offshore syndicated loans, as well as onshore corporate bonds, thereby further lowering borrowing cost and extending maturity profile. Looking forward, Aoyuan will continue to exercise sound financial management to drive quality and sustainable development, thereby bringing fruitful returns to shareholders and investors.”