[ET Net News Agency, 7 July 2020] Shimao Group Holdings Limited (00813) said the
company will issue senior notes in the aggregate principal amount of USD300 million, which
will mature on 13 July 2030.
The offering price of the notes will be 100% of the principal amount of the notes. The
notes will bear interest at a rate of 4.60% per annum, payable semi-annually in arrears on
13 January and 13 July of each year, commencing from 13 January 2021.
The company intends to use the net proceeds to refinance its existing indebtedness
outside the PRC. (RC)