Logan Group Successfully Issues US$300 Million 5-Year Senior Notes with Interest Rate as Low as 5.25%, Oversubscribed Nearly 9 Times

(China/Hong Kong, 13 October, 2020) Logan Group (3380.HK) has announced that the Company successfully issued US$300 million of senior notes due 2025, with an annual coupon rate of 5.25%, amongst the lowest coupon rate achieved by Chinese real estate companies with the same rating and maturity recently.

Fitch, an international rating agency, has granted the issuer a credit rating of “BB”. Deutsche Bank, Guotai Junan International, China CITIC Bank International, Citigroup, CMBC Capital, BOC International, China Industrial Securities International, CCB International, Credit Suisse, UBS, Haitong International, The Bank of East Asia Limited and BNP PARIBAS are the joint global coordinators and joint bookrunners for this note issuance.

The issue received overwhelming responses from the capital market, and was nearly 9 times oversubscribed, which once again demonstrates Logan Group’s solid financing capabilities and investors’ confidence in the Company’s future development and financial strength. Furthermore, it helps further optimize the debt structure, reduces the financing costs, and provides strong support for the long-term sustainable development of the Company.