Aoyuan Successfully Issues US$200 Million 7.95% Senior Notes due 2024 Aoyuan Chairman Guo Ziwen Subscribes US$5 million Demonstrating Confidence in Company Development
Date：2021-06-16
(15 June 2021 – Hong Kong) China Aoyuan Group Limited (“Aoyuan” or the “Company”, Stock Code: 3883) announces that the Company has successfully issued US$200 million 7.95% senior notes due 2024.
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$195 million. The Company intends to use the proceeds to refinance its existing offshore indebtedness. The joint global coordinators, the joint lead managers and the joint bookrunners of the new notes are Deutsche Bank, Guotai Junan International, Haitong International, UBS, Bank of China (Hong Kong), Bank of East Asia, Barclays, CICC, CMBC Capital, CMB International, China CITIC Bank International, Goldman Sachs (Asia), J.P. Morgan and Standard Chartered Bank.
Aoyuan management commented, “After completing this issuance, Aoyuan has fully utilised the US$550 million offshore bond quota obtained from the National Development and Reform Commission; funds raised are to refinance the Company’s existing offshore indebtedness. Aoyuan has successfully completed financing activities including offshore senior notes and syndicated loans so far this year, further optimizing Aoyuan’s maturity profile and lowering borrowing cost. Meanwhile, Aoyuan has always valued corporate creditability, having redeemed all public offshore senior notes due 2021 and completed offshore syndicated loan refinancing. Aoyuan Chairman Guo Ziwen has personally subscribed US$5 million senior notes in this issuance, demonstrating his confidence in the development of the Company. Looking forward, Aoyuan will continue to strengthen its operations management as well as to exercise financial prudence, in order to drive quality and sustainable development.”