[ET Net News Agency, 17 July 2019] Kaisa Group Holdings Ltd. (01638) said the company
will issue senior notes in the aggregate principal amount of US$300 million, which will
mature on 23 July 2023.
The notes will bear interest at a rate of 10.875% per annum, payable semi-annually in
arrears on 23 January and 23 July of each year, commencing on 23 January 2020. The issue
price will be 99.604% of the principal amount of the notes.
The company intends to use the net proceeds to refinance its existing medium to long
term offshore indebtedness which will become due within one year. (RC)