Conversion Price at 30% Premium

Overwhelmingly Over-subscribed

HONG KONG, CHINA - Media OutReach - 26 January 2018 - CIFI Holdings (Group) Co. Ltd. ("CIFI" or the "Group", HKSE: 884), one of the Top 15 Real Estate Developers in China,which principally focuses on real-estate development and investment in first-, second- and high-quality third-tier cities in China, announces that the Group will issue its first zero-coupon convertible bonds, which has received overwhelming response from investors and recorded a substantial over-subscription and priced at high-end price.


The Group will issue a total of HK$2.79 billion (equivalent to approximately US$357 million) zero-coupon convertible bonds which will mature in 2019. The conversion price will be HK$9.30 per share, 30% conversion premium to the latest closing price. The net proceeds from the bonds will be used to refinance its existing indebtedness and/or general working capital.


The issue offers the Group a low-cost financing, and potentially strengthening its equity base at an attractive price.


Morgan Stanley, Credit Suisse and Haitong International are the Joint Bookrunners of the issue.

About CIFI Holdings (Group) Co. Ltd.

Headquartered in Shanghai, CIFI is one of China's top 15 real estate developers. CIFI principally focuses on developing high-quality properties which target the end-users in first-, second- and third-tier cities in China. CIFI develops various types of properties, including residential flats, office buildings and commercial complexes.


To learn more about the Company, please visit CIFI's website at:

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