Datang Debuts Issuance of USD300 Million Senior Notes, Diversified Funding to Enhance Debt Profile

HONG KONG
SAR – Media
OutReach – 1 June 2021 – Chinese property developer ─ Datang Group
Holdings Limited (“Datang” or the “Company”;
together with the subsidiaries, the “Group”; HKEx stock code: 2117) is pleased
to announce its debut issuance of USD300 million 12.50% senior notes due 2022. The completion of this offshore
financing reflects the Group’s strong financing capabilities and its more
diversified funding channels, which enhance the debt profile.

Response from capital markets towards the
issuance senior notes was strong with total subscription amount over USD 600
million. The order book was oversubscribed for over one time with 63% of
allocation to funds and institutional investors in Asia and 37% to private
banks. The issuance received strong response from many well-known international
institutional investors, which signals market’s recognition of Datang’s
improving financial condition and promising results outlook. 

The financial institutions involved in this
issuance included Guotai Junan Securities (Hong Kong) Limited, China International
Capital Corporation Hong Kong Securities Limited, Haitong International
Securities Company Limited, CCB International Capital Limited, CHINA GALAXY INTERNATIONAL
SECURITIES (HONG KONG) CO. LTD, Glory Sun Securities Limited, BNP PARIBAS, CMB International
Capital Limited, China Everbright Securities (HK) Limited, AMTD Global Markets
Limited, Vision Capital International Holdings Limited, JQ Securities (Hong
Kong) Limited, Central Wealth Securities Investment Limited, Soochow Securities
International Brokerage Limited, GLAM Capital Limited, Valuable Capital Limited
and China Merchants Securities (HK) Co., Limited.

Mr. Wu Di, Chairman of the Group said, “After the ratings granted by S&P and
Moody’s, the debut issuance of USD senior notes served as a proof that the
Group’s proactive efforts in improving its capital structure. We
are thrilled by good responses from the capital market towards the senior note
issuance. It also reflects their recognition of the Group’s sound business
strategy and their confidence in the Company’s improving credit profile.
Looking ahead, Datang will continue to broaden financing channels of domestic
and overseas capital markets, increase cooperation with financial institutions,
and expand credit scale. Meanwhile, we will reasonably control the debt scale and
continue to maintain a stable growth under the Three Red Lines.”