Aoyuan Successfully Issues RMB1.82 billion 4-year Domestic Corporate Bond with Coupon Rate 6.8% Values Corporate Credibility and Completes Refinancing of Domestic Corporate Bonds due in 2021
Date：2021-06-30
(30 June 2021 – Hong Kong) China Aoyuan Group Limited (“Aoyuan” or the “Company”, Stock Code: 3883) announces that the Company has successfully issued RMB1.82 billion 4-year domestic corporate bond with a coupon rate of 6.8%. Proceeds from this issuance is to refinance the existing domestic corporate bond. The Company have also been rated with the highest domestic credit rating “AAA” by China Lianhe Credit Rating for three consecutive years.
Aoyuan management commented, “Valuing corporate credibility all along, Aoyuan is committed to prudent capital management with refinancing arrangement planned in advance, as well as continuous optimization of its debt structure. After completing this issuance, Aoyuan has completed refinancing of all domestic corporate bonds due in 2021 and fully utilised the domestic corporate bond quota. In addition, Aoyuan has redeemed all public offshore senior notes due 2021 and completed offshore syndicated loan refinancing. So far this year, Aoyuan has successfully completed financing activities including offshore senior notes and syndicated loans, as well as domestic corporate bonds, further optimizing Aoyuan’s maturity profile and lowering borrowing cost. 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.”
For details, please refer to the HKEx website:
The Issue of Domestic Corporate Bonds