Logan Group Successfully Issues USD Senior Notes With Record Low Interest Rate at 4.25%

(China / Hong Kong, September 14, 2020) Logan Group (3380.HK) has announced that the Company successfully issued US$100 million of senior notes due 2024, with an annual coupon rate of 4.25%, which is among the lowest coupon rates achieved by the Company.

Guotai Junan International; The Bank of East Asia, Limited; CMBC Capital; Haitong International; BNP PARIBAS and China Minsheng Banking Corp., Ltd., Hong Kong Branch are the joint global coordinators, the joint bookrunners and joint lead managers in respect of the offer and sale of the Notes. The issue received an overwhelming response from the capital market and was widely sought after by various institutions. The Company intends to use the net proceeds to refinance its existing indebtedness.

The successful issuance of the senior notes once again demonstrates investors’ confidence in the Company’s future development and financial strength. Furthermore, it helps further optimize the debt structure, reduces financing costs, and provides strong support for the long-term sustainable development of the Company.