World leader in cordless technology to benefit from integrated suite of IP toolsBOSTON, June 02, 2021, the leading innovation and intellectual property management technology provider, today announced that
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.