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Kaisa tackles maturity wall

机译:Kaisa解决成熟墙

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KAISA GROUP HOLDINGS on Tuesday took a big step towards tackling a looming maturity wall in 2024 with a US$500m bond issue, its largest US dollar bond offering in more than a year and a step toward normalising its yield curve. The 4.5-year non-call 2.5 senior Reg S bonds were priced at par to yield 11.7%, well inside initial guidance of 12.125% area. The new issue comes alongside an exchange and tender offer for holders of US$3.0515bn of 9.375% senior notes due June 30 2024, which are callable at 104.688 in June 2021. The Hong Kong-listed Chinese real estate company is rated B1/B/B and the notes have expected ratings of B2/B (Moody's/Fitch).
机译:Kaisa Group Holdings周二举办了一大一步,迈出了2024年的债券问题的抛弃成熟墙,其最大的美元债券提供了一年多的债券,并迈向正常化其产量曲线的一步。 4.5年不呼叫2.5高级俄罗斯债券的价格为准,收益11.7%,内部初步指导为12.125%。新问题与605.15亿美元的持有人的交流和招标报价相当于6.375%的9.375%的高级票据,这是2021年6月2021年6月的104.688。香港上市的中国房地产公司被评为B1 / B / B和笔记有预期的B2 / B(穆迪/惠誉)的评级。

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