[ET Net News Agency, 16 October 2019] Kaisa Group Holdings Ltd. (01638) said it will
issue senior notes in the aggregate principal amount of US$400 million, which will mature
on 22 October 2022.
The offer price of the notes will be 99.265% of the principal amount of the notes. The
notes will bear interest from and including 22 October 2019 at the rate of 11.95% per
annum, payable semi-annually in arrears.
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)