China Aoyuan Group Limited

Aoyuan Redeems on Time Senior Notes of Principal Amount US$425 million Values Corporate Credibility and Completes Redemption of All Public Offshore Bonds due in 2021

Time：2021-05-10

(10 May 2021 – Hong Kong) China Aoyuan Group Limited (“Aoyuan” or the “Company”, Stock Code: 3883) announces that the Company has redeemed on time US$425 million 7.5% senior notes due May 2021.

Aoyuan management commented, “Aoyuan is committed to prudent capital management with refinancing arrangement planned in advance, as well as continuous optimization of its debt structure. In January 2021, Aoyuan issued US$188 million 4.2% senior notes due 2022 at par through exchange offer and new issuance to refinance US$188 million 4.8% senior notes issued in February 2020, setting a record-low borrowing cost among Aoyuan’s bond issuances once again. In March 2021, Aoyuan completed early redemption of US$500 million 7.95% and S$100 million 7.15% senior notes due September 2021. Together with the bond redemption this time, Aoyuan has redeemed all three public offshore senior notes due 2021. Additionally in March, Aoyuan has secured an aggregate of US$230 million three-year offshore syndicated loan backed by nine commercial banks and completed offshore syndicated loan refinancing. Looking forward, Aoyuan will continue to maintain sound financial management to ensure fund safety. Meanwhile, the Company will keep up its efforts in driving quality and sustainable development, thus bringing fruitful returns to shareholders and investors.

For details, please refer to the HKEx website:
Voluntary Announcement
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