Yuexiu Property Co (DE:GUZA) has released an update.
Yuexiu Property Co. Ltd. has announced that its 95%-owned subsidiary is set to issue up to RMB 3 billion in private placement notes (PPN) in tranches, with the first tranche capped at RMB 1.8 billion in 2024. These PPNs, available in five-year and seven-year fixed coupon rates, offer adjustable rates and repurchase options for investors. Proceeds from the sale will be utilized to repay maturing debts, and while marketing has begun, the final issuance is contingent on market conditions and other factors.
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