\n<\/p>\n
HONG KONG
Response from capital markets towards the
The financial institutions involved in this
Mr. Wu Di, Chairman of the Group<\/b> said, “After the ratings granted by S&P and
HONG KONG
SAR –\u00a0Media
OutReach\u00a0– 1 June 2021 –\u00a0Chinese property developer \u2500 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 …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/15156"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=15156"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/15156\/revisions"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=15156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=15156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=15156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nSAR –\u00a0Media
\nOutReach<\/a>\u00a0– 1 June 2021 –\u00a0Chinese property developer \u2500 Datang Group
\nHoldings Limited<\/a> <\/b>(“Datang” or the “Company”;
\ntogether with the subsidiaries, the “Group”; HKEx stock code: 2117) is pleased
\nto announce its debut issuance of USD300 million 12.50% senior notes due 2022. The completion of this offshore
\nfinancing reflects the Group’s strong financing capabilities and its more
\ndiversified funding channels, which enhance the debt profile.<\/p>\n
\n
<\/p>\n
\nissuance senior notes was strong with total subscription amount over USD 600
\nmillion. The order book was oversubscribed for over one time with 63% of
\nallocation to funds and institutional investors in Asia and 37% to private
\nbanks. The issuance received strong response from many well-known international
\ninstitutional investors, which signals market’s recognition of Datang’s
\nimproving financial condition and promising results outlook.\u00a0 <\/p>\n
\n
<\/p>\n
\nissuance included Guotai Junan Securities (Hong Kong) Limited, China International
\nCapital Corporation Hong Kong Securities Limited, Haitong International
\nSecurities Company Limited, CCB International Capital Limited, CHINA GALAXY INTERNATIONAL
\nSECURITIES (HONG KONG) CO. LTD, Glory Sun Securities Limited, BNP PARIBAS, CMB International
\nCapital Limited, China Everbright Securities (HK) Limited, AMTD Global Markets
\nLimited, Vision Capital International Holdings Limited, JQ Securities (Hong
\nKong) Limited, Central Wealth Securities Investment Limited, Soochow Securities
\nInternational Brokerage Limited, GLAM Capital Limited, Valuable Capital Limited
\nand China Merchants Securities (HK) Co., Limited.<\/p>\n
\n
<\/p>\n
\nMoody’s, the debut issuance of USD senior notes served as a proof that the
\nGroup’s proactive efforts in improving its capital structure. We
\nare thrilled by good responses from the capital market towards the senior note
\nissuance. It also reflects their recognition of the Group’s sound business
\nstrategy and their confidence in the Company’s improving credit profile.
\nLooking ahead, Datang will continue to broaden financing channels of domestic
\nand overseas capital markets, increase cooperation with financial institutions,
\nand expand credit scale. Meanwhile, we will reasonably control the debt scale and
\ncontinue to maintain a stable growth under the Three Red Lines.”<\/p>\n<\/p><\/div>\n\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"