HONG KONG,
CHINA - Media OutReach - 22 March
2019 - CIFI Holdings (Group) Co. Ltd. ("CIFI" or the
"Group", HKEx stock code: 884), a leading real estate developer
engaged in the property development and investment business in the first-,
second- and robust third-tier cities in China announced that the Group issues
US$ 255 million senior notes at a coupon rate of 6.55% with a 5-year maturity. The
coupon rate is one of the lowest among real estate enterprises in China with
the same credit level recently.
The issue received
over US$ 625 million subscription and was approximately 2.5 times
over-subscribed, representing a keen market demand for the issue.
Standard
Chartered Bank is the sole global coordinator, sole bookrunner and sole lead manager
of the issue.
On 15 March
2019, Standard & Poor upgraded CIFI's rating from "BB-" to "BB". It is
because CIFI has significantly improved its diversity and scale in the past two
to three years. The "stable" outlook reflects S&P's expectation that CIFI
will continue to expand its sales scale with controllable leverage.
The issuer is solely responsible for the content of this announcement.