CIFI issues US$419 million senior notes at a coupon rate of 4.375% with a 6.25-year maturity

Must Read

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...

List of United Bank for Africa (UBA) Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...

List of Access Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...
- Advertisement -

  • Hit the
    record for the longest maturity period and the lowest coupon rate of 
    the Group’s offshore
    bond issuance
  • Optimize the
    Group’s financing costs and extend debts duration

HONG KONG SAR
– Media OutReach – 6 January 2021 – CIFI
Holdings (Group) Co. Ltd.
(“CIFI” or the “Group”, HKEx
stock code: 884), a leading real estate developer and investor in first-,
second- and robust third-tier cities in China, is pleased to announce that CIFI
successfully issues senior notes with an aggregate principal amount of US$419
million. The senior notes are at a coupon rate of 4.375% and yield of 4.4% with
a 6.25-year maturity period, which hit the record for the longest maturity period
and the lowest coupon rate of the Group’s offshore bond issuance.

 

- Advertisement -

The issue attracts
enthusiastic
response, with total orders at peak time exceeding US$4.8 billion, which was
over 11 times of the total issue size. 82% of total issuance is allocated to Asian
investors, while the remaining 18% is allocated to European investors. The
final allocation to institutional investors is 72%, which consists of
world-renowned and large-scale asset management companies and long-term
investors. The subscription results and market response reflect the high
recognition of CIFI by the investors in the capital market. The proceeds of the
note will be used for re-financing of the Group’s existing indebtedness.

Read Also:  Li Bao Ge Comes Aboard Freshippo

 

Credit Suisse, Haitong International, HSBC, J.P. Morgan and Standard Chartered Bank are the joint global
coordinators, while Credit Suisse, Haitong International, HSBC, J.P. Morgan, Standard Chartered Bank, The Bank of East Asia,
Limited, BOSC International,
China CITIC Bank International and Yue Xiu
Securities are
the joint bookrunners and joint lead managers of the issuance.

Read Also:  THE MAKERS MOVEMENT: Lane Crawford Creative Call Out 2020 – Calling on homegrown talent and creativity to shape our future

 

- Advertisement -

Mr. Lin Zhong, Chairman of CIFI, said “We are pleased to see the
strong demand for the notes issue. The issue hits the Group’s record for the
longest maturity period and the lowest coupon rate of the offshore bond
issuance, and it reflects investors’ recognition and support of business
prospects of CIFI. The Group will continue to implement prudent financial management
and build long-term investment value.”

 

About CIFI (Group):

Headquartered
in Shanghai, CIFI is one of China’s top real estate developers. CIFI
principally focuses on developing high-quality properties in first-, second-
and select third-tier cities in China. CIFI develops various types of
properties, including residential buildings, offices and commercial complexes.

 

- Advertisement -

To learn more about the Company, please visit
CIFI’s website at: http://www.cifi.com.cnCIFI issues US$419 million senior notes at a coupon rate of 4.375% with a 6.25-year maturity

- Advertisement -
CIFI issues US$419 million senior notes at a coupon rate of 4.375% with a 6.25-year maturity - Brand SpurCIFI issues US$419 million senior notes at a coupon rate of 4.375% with a 6.25-year maturity - Brand Spur

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -
CIFI issues US$419 million senior notes at a coupon rate of 4.375% with a 6.25-year maturity - Brand SpurCIFI issues US$419 million senior notes at a coupon rate of 4.375% with a 6.25-year maturity - Brand Spur

Latest News

ILO and LinkedIn launch data insights partnership

The International Labour Organization (ILO), the Partnership for Action on Green Economy (PAGE) and LinkedIn have launched a two-year...

MoneyGram Expands Real-Time Digital P2P Payments with Visa Direct through New Checkout.com Partnership

Customers can use the MoneyGram website or leading mobile app to send money in near real-time to Visa debit cardholders across 575 corridors from...

$85.8m ‘Debt’: Appeal Court Unseals Seplat Petroleum’s Offices

Seplat announces that the Court of Appeal sitting in Lagos has today suspended the Order of Interlocutory Injunctions made by the Lagos Federal High...

Majority Optimistic About Tech in 2021, But Health, Jobs and Environment Top Personal Risk List

Geneva, Switzerland, 22 January 2021 — A new World Economic Forum/Ipsos survey found most adults are optimistic about accessing technology, digital tools and training in the...

Bears Dominated Proceedings in the Equities Market this Week

Equities market closed the week on a bearish note with selloffs witnessed across major tickers. The benchmark All Share Index (ASI) declined by 24bps...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -CIFI issues US$419 million senior notes at a coupon rate of 4.375% with a 6.25-year maturity - Brand SpurCIFI issues US$419 million senior notes at a coupon rate of 4.375% with a 6.25-year maturity - Brand Spur