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.
China’s home prices are expected to grow faster this year than anticipated a few months earlier fuelled by hot demand in major cities and easy liquidity, despite Beijing’s heightened cooling measures, a Reuters poll showed. As China’s economy recovers from the COVID-19 shock, authorities have stepped up curbs on the property sector to guard against .
A shares tipped to return to bull orbit this year chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.