[ET Net News Agency, 22 November 2019] Yuzhou Properties Company Limited (01628) said
the company will issue senior notes in the aggregate principal amount of US$500 million,
which will mature on 27 May 2025.
The offer price of the notes will be 100% of the principal amount of the notes. The
notes will bear interest from and including 27 November 2019 at a rate of 8.30% per annum,
payable semi-annually in arrears on 27 May and 27 November of each year, commencing 27 May
2020.
The company intends to use the net proceeds for refinancing its existing medium to long
term offshore indebtedness, which will become due within one year. (RC)