By Rebecca Melvin
Concord, N.H., May 24 – Country Garden Holdings Co. Ltd. has issued RMB 500 million of 4½% three-year bonds through wholly owned subsidiary Country Garden Real Estate Group Co., Ltd., according to an announcement on Tuesday.
The bonds have a coupon adjustment option at the end of the first year and a put option at the end of the second.
The total issue size, price and coupon was determined on May 20.
The bonds will be listed on the Shenzhen Stock Exchange.
Country Garden is a Foshan, China, real estate developer.
| Issuer: | Country Garden Real Estate Group Co., Ltd.
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| Issue: | Bonds, first tranche of 2022
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| Amount: | RMB 500 million
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| Maturity: | Three years
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| Coupon: | 4½%, reset option at end of first year
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| Put option: | At end of second year
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| Pricing date: | May 20
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| Settlement date: | May 24
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