[ET Net News Agency, 16 January 2020] Kaisa Group Holdings Ltd. (01638) said the
company will issue senior notes in the aggregate principal amount of US$300 million, which
will mature on 23 July 2025.
The issue price of the notes will be 100% of the principal amount of the notes. The
notes will bear interest from and including 23 January 2020 at a rate of 9.95% per annum,
payable semi-annually in arrears.
The company intends to use the net proceeds to refinance its existing medium to long
term offshore indebtedness which will become due within one year. (RC)