[ET Net News Agency, 6 January 2021] Country Garden Holdings Company Limited (02007)
said it has entered into the purchase agreement with the initial purchasers in connection
with the senior notes issue in the aggregate of (a) US$500 million 2.7% of the 2026 Notes;
and (b) US$700 million 3.3% of the 2031 Notes.
The 2026 Notes will bear interest from and including 12 January 2021 at the rate of 2.7%
per annum, payable semi-annually in arrears on 12 July and 12 January each year, beginning
on 12 July 2021. The 2031 Notes will bear interest from and including 12 January 2021 at
the rate of 3.3% per annum, payable semi-annually in arrears on 12 July and 12 January
each year, beginning on 12 July 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)