So and so the terms of China's bond amendments agreed to seek the success rate of over 90% of the gr
a certain China Holdings Limited ("XX" or "company"; Hongkong Stock Code: 3900) today announced that earlier on the exchange offer, which was agreed on the terms of the RMB and the U.S. dollar bonds, has been cut off in July 30th. This time agreed to seek the success rate of up to 90% more than in the past, a number of similar transactions.
the success of the agreement, which reflects the investors' confidence and support of the new so and so on the China Transportation Construction Group Co., Ltd. (the "China Group"). Agreed to seek not only the company's successful implementation of the terms of the amendment, significantly enhance its financial and operational flexibility, but also highlights the first major shareholder of the group of new and so strong and strong support.
in addition, the issue of new U.S. dollar bonds has been successfully completed. In 2018 and 2019, there are a considerable part of the investors to participate in the exchange, effectively optimize the company's debt structure. Because of the strong interest of investors, the company chose to further enhance the bond amount, so that the overall size of $500000000, the final year of the bond interest rate and yield of 5.875%. The two levels of market transactions, which are less than of the company's existing bonds, are rare in the industry, and the 5.875% is the lowest rate of return for the BB rating of Chinese Real Estate Company.
Mr. Cao Zhounan, the chief executive of a certain Chinese President, said: "it is a milestone in the successful implementation of the Chinese real estate company, which has a profound and important significance for the market. Regardless of the transaction from the structure of the novel, the size of the size of investors to participate enthusiastically, as well as the new bond pricing, etc., are open the first of its kind, full of capital market to reflect the new recognition and approval of new. So and so China has set a new benchmark in the capital market. "
the successful end of the transaction, the strong support of the group's strong support, to give investors confidence in the full realization of the new so and so in the capital market's wonderful debut. At the same time, it also reflects the China XX on debt structure actively managed, through in the group's credit support, fully grasp the favorable market conditions for successful implementation of the low cost of refinancing and the duration of the extension, as the foundation for the future development of the company under the solid substrate.
Mr. Cao Zhounan said: "the enthusiasm of the transaction is to highlight the confidence and support of investors in the new. Looking ahead, so and the formation of a good strategic fit, new so and so not only in the group as a strong backing to enhance the status of the capital market, but also to grasp the financial and operational flexibility of transactions, is committed to expanding the long-term development of real estate development at home and abroad.