(29 Jul 2015 - 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 a wholly owned subsidiary of the Company successfully issues a 3-year RMB2.4 billion domestic corporate bonds (“the Bonds”) at 5.8%.

The Issuer and the Bonds have been given an “AA” rating from a credit rating agency named United Ratings (聯合信用評級). The proceeds are expected to be used for refinancing certain of the Company’s existing indebtedness and for general working capital purposes. The Bonds will be listed on the Shanghai Stock Exchange. Southwest Securities Company Limited (西南證券股份有限公司) acts as the principal lead underwriter and together with China Chuancai Securities Company Limited (川財證券有限責任公司) acts as the joint lead underwriters.

Aoyuan management commented, “Riding on its comprehensive strengths and steady financial position, Aoyuan has received ‘AA’ rating towards the issue of the Bonds, demonstrating the full recognition from the Chinese capital markets. The issuance of the Bonds will enable Aoyuan to further diversify its financing channels, while lowering the debt costs, optimizing the debt structure and reinforcing financial strength, thus laying a solid foundation for the Group’s sales growth and sustainable development.”

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