[ET Net News Agency, 11 October 2019] E-House (China) Enterprise Holdings Limited
(02048) said the company will issue senior notes in the aggregate principal amount of
US$200 million, which will mature on 18 April 2022.
The offering price is 98.339% of the principal amount of the notes. The interest rate is
7.625% per annum, payable semi-annually in arrears on 18 April and 18 October of each
year, beginning on 18 April 2020.
The gross proceeds of the notes issue, before deducting underwriting discounts and other
estimated expenses, will amount to approximately US$196.7 million. The company currently
intends to use the net proceeds primarily for general corporate purposes and refinancing
existing indebtedness. (RC)