[ET Net News Agency, 4 December 2019] Redco Properties Group Limited (01622) said the
company will issue senior notes in the aggregate principal amount of US$250 million, which
will mature on 8 December 2020.
The offering price of the notes will be 100.0% of the principal amount of the notes. The
notes will bear interest at the rate of 11.5% per annum from and including 10 December
2019 payable in arrears on 10 June 2020 and 8 December 2020.
The company intends to use the net proceeds to refinance certain of its existing
indebtedness. (RC)