[ET Net News Agency, 20 September 2019] Zhongliang Holdings Group Company Limited
(02772) said the company will issue senior notes in the aggregate principal amount of
US$300 million, which will mature on 26 September 2021.
The offering price of the notes will be 99.134% of the principal amount of the notes.
The notes will bear interest from (and including) 26 September 2019 at the rate of 11.50%
per annum, payable semi-annually in arrears on 26 March and 26 September of each year,
commencing on 26 March 2020.
The company intends to use the net proceeds of the notes issue for refinancing onshore
indebtedness. (RC)