Brief: Ganglong China Property Announces Issuance Of $158 Mln 13.5% Senior Notes Due 2022

Ganglong China Property

04/11/2021 14:58

Nov 4 (Reuters) - Ganglong China Property Group Ltd
 6968.HK :
    * WILL ISSUE US$31.3 MILLION OF ADDITIONAL NEW NOTES IN
CONCURRENT
NEW MONEY ISSUANCE
    * WILL ISSUE US$126.7 MILLION OF NEW NOTES PURSUANT TO
EXCHANGE
OFFER
    * ISSUANCE OF AGGREGATE PRINCIPAL AMOUNT OF US$158 MILLION
13.5%
SENIOR NOTES DUE 2022
    * APPROVAL IN-PRINCIPLE RECEIVED FROM SGX-ST FOR LISTING AND
QUOTATION OF NEW NOTES ON SGX-ST
    * INTENDS TO USE NET PROCEEDS OF CONCURRENT NEW MONEY
ISSUANCE FOR
REFINANCING

Source text for Eikon:  ID:nHKS7pVXRv 
Further company coverage:  6968.HK 

 (Reuters.briefs@thomsonreuters.com)