Aoyuan Proposed Further Issue of USD 13.875% Senior Notes Due 2017
Time:2013-01-21
(21 January 2013 - Hong Kong) China Aoyuan Property Group Limited ("Aoyuan" or the "Company", together with its subsidiaries the "Group"; Stock Code: 3883), one of the leading property developers in Guangdong Province in China, proposed to conduct a further issue and international offering of USD senior notes on the terms and conditions of the original notes issued by the Company on 23 November 2012, save for the issue date and the issue price.
The Company intends to use the proceeds of the New Notes to primarily fund existing and new property projects and land acquisition and for general corporate purposes. The pricing and completion of the proposed new notes issue are subject to market conditions and investor interest.
Citi and UBS are the joint global coordinators of the note issue, while BofA Merrill Lynch, Citi and UBS are the joint lead managers and joint bookrunners.
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