[ET Net News Agency, 29 July 2020] Country Garden Holdings Company Limited (02007) said
it will issue (a) US$500 million 4.2% senior notes due 2026; and (b) US$500 million 4.8%
senior notes due 2030.
The 2026 Notes will bear interest from and including 6 August 2020 at the rate of 4.2%
per annum, payable semi-annually in arrears on 6 February and 6 August each year,
beginning on 6 February 2021. The 2030 Notes will bear interest from and including 6
August 2020 at the rate of 4.8% per annum, payable semi-annually in arrears on 6 February
and 6 August each year, beginning on 6 February 2021.
The company intends to use the net proceeds for refinancing existing medium to long term
offshore indebtedness, which will become due within one year. (RC)