[ET Net News Agency, 8 January 2020] Zhenro Properties Group Limited (06158) said the
company will issue senior notes in the aggregate principal amount of US$290 million, which
will mature on 14 April 2024.
The offering price of the notes will be 99.945% of the principal amount of the notes.
The notes will bear interest from and including 14 January 2020 at a rate of 7.875% per
annum payable semi-annually in arrears on 14 April and 14 October of each year, commencing
on 14 October 2020, except that the first payment of interest, to be made on 14 October
2020, will be in respect of the period from and including 14 January 2020 to but excluding
14 October 2020.
The company intends to use the net proceeds to refinance its existing indebtedness. (RC)