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.