HONG KONG, CHINA – Media OutReach – 13 December 2017 – CIFI Holdings (Group) Co. Ltd. (“CIFI” or the “Group”, HKSE: 884), one of the Top 20 Real Estate Developers in China, announces that the Group successfully issues US$300 million senior perpetual capital securities at a distribution rate of 5.375% per annum. The net proceeds from the issue will be used to refinance its existing indebtedness.
Joint lead managers of the issue are ICBC International, HSBC, Standard Chartered Bank, Haitong International, BOSC International, GF Securities, Guotai Junan International, Goldman Sachs, China Industrial Securities International, Chiyu Banking Corporation, CITIC CLSA Securities and Credit Suisse.
About CIFI Holdings (Group) Co. Ltd.
Headquartered in Shanghai, CIFI is one of China’s top 20 real estate developers. CIFI principally focuses on developing high-quality properties which target the end-users in first-, second- and third-tier cities in China. CIFI develops various types of properties, including residential flats, office buildings and commercial complexes.
To learn more about the Company, please visit CIFI’s website at: http://www.cifi.com.hk