Published on 11/22/2019 in the Prospect News Emerging Markets Daily.
New Issue: China’s Country Garden issues RMB 3 billion 4.98% four-year bonds
Chicago, Nov. 22 – Country Garden Holdings Co. Ltd. announced that wholly owned subsidiary Country Garden Real Estate Group Co., Ltd. issued RMB 3 billion of four-year domestic corporate bonds.
The notes will have an initial coupon rate of 4.98% that may be adjusted at the end of the second year.
Country Garden is a Foshan, China-based real estate developer focused on large-scale residential communities.
| Issuer: | Country Garden Real Estate Group Co., Ltd.
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| Issue: | Domestic corporate bonds
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| Amount: | RMB 3 billion
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| Maturity: | Four years
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| Coupon: | 4.98% initially, adjustable at end of second year
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| Put option: | At end of second year
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| Announcement date: | Nov. 19
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| Settlement date: | Nov. 21
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