[ET Net News Agency, 9 September 2021] Yuexiu Property Company Limited (00123) said
Guangzhou City Construction & Development Co., Limited (the issuer), a 95%-owned indirect
PRC subsidiary of the company, was approved by the China Securities Regulatory Commission
to undertake public issuance of guaranteed interest-bearing bonds with an aggregate
principal amount of up to RMB8 billion, and the issuance of the 2021 first tranche
Corporate Bonds with an aggregate amount of RMB2.5 billion was completed on 22 July 2021.
The 2021 second tranche of Corporate Bonds shall have an aggregate principal amount of
not more than RMB2 billion, which are used for (i) repayment of the Issuer's Corporate
Bonds at maturity or (ii) to supplement working capital on the condition that the
repayment of the Corporate Bonds at maturity will not be affected.
The issuer will commence marketing of the 2021 second tranche of Corporate Bonds, and
will determine the coupon rates after book-building. The issuance of the 2021 second
tranche of Corporate Bonds is subject to a number of conditions and it may or may not
proceed. (RC)