[ET Net News Agency, 20 May 2020] Country Garden Holdings Company Limited (02007) said
it will issue US$544 million 5.40% senior notes due 2025. The offering price is 100% of
the principal amount of the notes.
The notes will bear interest from and including 27 May 2020 at the rate of 5.40% per
annum, payable semi-annually in arrears on 27 May and 27 November each year, beginning on
27 November 2020.
The company intends to use the net proceeds of the notes issue for refinancing existing
medium to long term offshore indebtedness, which will become due within one year.
Fine Nation has purchased the notes in an aggregate amount of US$50 million. It is
directly wholly-owned by Yeung Kwok Keung, the chairman and executive director of the
company. Mo Bin has purchased the notes in the aggregate amount of US$5 million. He is the
president and an executive director of the company. (RC)