public offering of domestic corporate bonds in the prc - HKEXnews

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(Incorporated in the Cayman Islands with limited liability) (Stock Code: 01628)

PUBLIC OFFERING OF DOMESTIC CORPORATE BONDS IN THE PRC Reference is made to the announcement of the Company dated 16 November 2015 (the “Announcement”) in relation to the approval on the public offering of domestic corporate bonds in the PRC of Xiamen Yuzhou Grand Future Real Estate Development Company Limited（ 廈門禹洲 鴻圖地產開發有限公司）(the “Issuer”), an indirectly wholly owned subsidiary of the Company established in the PRC, with an aggregate principal amount of not more than RMB3 billion by the China Securities Regulatory Commission. Unless otherwise defined, capitalised terms used in this announcement shall have the same meaning as used in the Announcement. The Issuer currently plans to issue the first tranche of the Corporate Bonds in the amount of RMB2 billion, with an upsize option of up to RMB3 billion (the “First Tranche Corporate Bonds”). The maturity of the First Tranche Corporate Bonds shall be 5 years. The indicative coupon rate of the First Tranche Corporate Bonds is between 4.50% and 6.00%, and the final coupon rate will be determined on or around 4 December 2015 based on book-building result. The coupon rate of the First Tranche Corporate Bonds is subject to increase at the discretion of the Issuer at the end of the third year. In addition, holders of the First Tranche Corporate Bonds have the rights to sell back the First Tranche Corporate Bonds, in whole or in part, to the Issuer at the end of the third year. The face value and issue price of the First Tranche Corporate Bonds is RMB100. The Company has undertaken to make payment of the principal and interest of the Corporate Bonds in case of default by the Issuer.

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The First Tranche Corporate Bonds are proposed to be listed on the Shanghai Stock Exchange. The Issuer is expected to issue the First Tranche Corporate Bonds to qualified investors on or around 7 December 2015. Details of the First Tranche Corporate Bonds and the offering will be published on the website of the Shanghai Stock Exchange (www.sse.com.cn). The First Tranche Corporate Bonds will be arranged and fully-underwritten by Dongxin Securities Co., Ltd.（ 東興證券股份有限公司）, being the lead underwriter, and China Merchants Securities Co., Ltd.（ 招商證券股份有限公司）and BOC International (China) Limited（ 中銀國際證券有 限責任公司）, the joint underwriters, for subscriptions solely by qualified investors through public offerings. As assessed by Golden Credit Rating International Co., Ltd.（ 東方金誠國際信用評估有限公司）, the credit rating of the Corporate Bonds is AA and the credit rating of the Issuer is AA. The proceeds from the issue of the Corporate Bonds will be used for repayment of existing debt and general working capital. By order of the Board Yuzhou Properties Company Limited Lam Lung On Chairman

Hong Kong, 2 December 2015

As at the date of this announcement, the executive Directors of the Company are Mr. Lam Lung On (Chairman), Ms. Kwok Ying Lan, Mr. Lin Longzhi and Mr. Lin Conghui, and independent non-executive Directors of the Company are Mr. Gu Jiande, Mr. Lam Kwong Siu and Mr. Wee Henny Soon Chiang.

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