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    1996   KYG7459A1013

REDSUN PROPERTIES GROUP LIMITED

(1996)
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Redsun Properties Group Limited Announces Issuance of USD 200,000,000 9.50% Senior Green Notes Due 2023

09/13/2021 | 06:17pm EDT

The Board of Redsun Properties Group Limited announced that on 13 September 2021 (after trading hours), the Company and the Subsidiary Guarantors entered into the Purchase Agreement with Deutsche Bank, Credit Suisse, Haitong International, Guotai Junan International, China International Capital Corporation, UBS, BofA Securities, BOC International, The Bank of East Asia, Limited, China CITIC Bank International, Chong Hing Bank, CLSA, CMB International and Seazen Resources in relation to the Notes Issue. The estimated net proceeds of the Notes Issue, after deducting the underwriting discounts and commissions and other estimated expenses payable in connection with the Notes Issue, will be approximately USD 193 million. The Company intends to use the net proceeds for refinancing its existing medium to long term offshore indebtedness which will become due within one year. The Company will seek a listing of the Senior Notes on the Stock Exchange. A confirmation of the eligibility for the listing of the Senior Notes has been received from the Stock Exchange. Listing of the Senior Notes on the Stock Exchange is not to be taken as an indication of the merits of the Company or the Senior Notes. Subject to certain conditions to completion, the Company will issue the Senior Notes in the aggregate principal amount of USD 200,000,000 which will mature on 20 September 2023, unless redeemed earlier pursuant to the terms thereof. The offering price of the Senior Notes will be 97.976% of the principal amount of the Senior Notes. The Senior Notes will bear interest from and including 20 September 2021 at a rate of 9.50% per annum, payable semi-annually and in arrears on 20 March and 20 September, commencing on 20 March 2022.


ę S&P Capital IQ 2021
All news about REDSUN PROPERTIES GROUP LIMITED
10/18REDSUN PROPERTIES : Buys Back $2 Million of 13% Bonds Due This Month
MT
10/14REDSUN PROPERTIES : Repurchases $7 Million of 13% Bonds Due This Month
MT
10/13Redsun Properties Group Limited Announces Further Partial Repurchase of Senior Notes
CI
10/11REDSUN PROPERTIES : Repurchases $5 Million of 13% Bonds Due This Month
MT
10/10REDSUN PROPERTIES : Logs $760 Million Contracted Property Sales in September
MT
10/06REDSUN PROPERTIES : Buys Back $3 Million of 13% Bonds Due This Month
MT
10/06Redsun Properties Group Limited Announces Partial Repurchase of 13% Senior Notes Due 20..
CI
09/21REDSUN PROPERTIES : Files for Hong Kong Bourse Listing of $200 Million 9.5% Green Bonds Du..
MT
09/14REDSUN PROPERTIES : to Issue $200 Million of Green Bonds for Debt Payments
MT
09/13Redsun Properties Group Limited Announces Issuance of USD 200,000,000 9.50% Senior Gree..
CI
More news
Financials
Sales 2021 26 120 M 4 095 M 4 095 M
Net income 2021 1 765 M 277 M 277 M
Net Debt 2021 15 834 M 2 482 M 2 482 M
P/E ratio 2021 3,48x
Yield 2021 7,58%
Capitalization 6 170 M 966 M 967 M
EV / Sales 2021 0,84x
EV / Sales 2022 0,69x
Nbr of Employees 3 450
Free-Float 28,0%
Chart REDSUN PROPERTIES GROUP LIMITED
Duration : Period :
Redsun Properties Group Limited Technical Analysis Chart | 1996 | KYG7459A1013 | MarketScreener
Technical analysis trends REDSUN PROPERTIES GROUP LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 5
Last Close Price 1,85 CNY
Average target price 2,88 CNY
Spread / Average Target 55,7%
EPS Revisions
Managers and Directors
Chun Yuan Chief Executive Officer & Executive Director
Huan Sha Zeng Chairman
Kwok Tung Lee Independent Non-Executive Director
Yau Wan Leung Independent Non-Executive Director
Po Fung Au Yeung Independent Non-Executive Director