[ET Net News Agency, 7 July 2020] Sunac China Holdings Limited (01918) said the company
will issue (1) the July 2023 notes in the aggregate principal amount of US$600 million,
which will mature on 9 July 2023 and (2) the July 2025 notes in the aggregate principal
amount of US$400 million, which will mature on 9 July 2025.
The issue price of the July 2023 notes will be 99.331% of the principal amount thereof.
The issue price of the July 2025 notes will be 98.762% of the principal amount thereof.
The July 2023 notes will bear interest from and including 9 July 2020 at the rate of
6.5% per annum, payable semi-annually in arrears on 9 January and 9 July of each year,
commencing on 9 January 2021. The July 2025 notes will bear interest from and including 9
July 2020 at the rate of 7.0% per annum, payable semi-annually in arrears on 9 January and
9 July of each year, commencing on 9 January 2021.
The proceeds are intended to be used for refinancing the group's mid-term and long-term
offshore indebtedness which matures within a year. (RC)