[ET Net News Agency, 3 August 2017] Sunac China (01918) said it agreed to issue US$400
million principal amount of the 6.875% senior notes due 2020 and US$600 million principal
amount of the 7.950% senior notes due 2022.
The purposes of the notes issue are to optimize the debt structure of Sunac and to
support the healthier and sustainable development. The proceeds from are intended to be
used for re-financing the Group's existing indebtedness.
HSBC, Morgan Stanley, China CITIC Bank International, Citigroup, CMB International,
Haitong International, IBC, ICBC International and SPDB International are the joint global
coordinators and joint bookrunners in respect of the offer and sale of the notes. (HL)
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