• Home
• Media Outreach
• CIFI issues US$255 million 5-year senior notes at a coupon rate of 6.55% The issue was well received by the capital market

Rabu, 27 Maret 2019 11:24:00

CIFI issues US$255 million 5-year senior notes at a coupon rate of 6.55% The issue was well received by the capital market

The coupon rate is one of the lowest among the real estate enterprises in China with the same credit level recently

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.

About CIFI Holdings (Group) Co. Ltd.

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 robust 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: http://www.cifi.com.cn

7 bulan lalu

Carrascal Nickel Corporation Strengthens Its Position as a Responsible Mining Leader in APAC Through Sustainability and Community-Focused Initiatives

Beyond environmental programs, CNC continues to lead in social development initiatives through its unwavering support for livelihood enhancement, education, health services, infras

7 bulan lalu

Asia School of Business Memimpin Evolusi AI di Asia Tenggara Melalui "AI-Powered Leadership Conference" Perdana

Menteri Digital Malaysia, menyampaikan apresiasi atas kehadiran para pemimpin yang memahami pentingnya Kecerdasan Buatan

7 bulan lalu

Indonesia Tampil Gemilang dalam ACES Awards 2025 dengan Kemenangan Luar Biasa di Bidang Kepemimpinan, Keberlanjutan, dan Inovasi

Dr Shanggari juga mengatakan bahwa jajaran pemenang yang tangguh dari Indonesia mengirimkan pesan yang jelas kepada wilayah ini, bahwa masa depan menjadi milik para pemimpin yang m

7 bulan lalu

7th Hainan Island Int'l Film Festival Kicks off in Sanya

This year's edition has set a new benchmark, receiving a record-breaking 4,564 film submissions from 119 countries and regions, totaling over 2,900 hours of footage