AMTD Deal | China Aoyuan US$350m 5.5NC3 Senior Bond Offering

On 17 September 2020, China Aoyuan Group Limited (“China Aoyuan” or the “Company”, 3883.HK) successfully priced its US$350m 5.5NC3-year senior fixed rate bond offering (the “Transaction”). AMTD acted as a Joint Global Coordinator, Joint Bookrunner and Joint Lead Manager on the Transaction.

The tenor of the Transaction (5.5 years) is the longest tenor achieved for a USD bond offering issued by the Company. After obtaining new NDRC quota on 16 September, the Company swiftly took advantage of the active issuance window to launch and price on the following day. The Company announced an initial price guidance of 6.5% area and the orderbook grew to over US$1.45bn by noon. The Company eventually priced the Transaction at 6.2% yield, representing a tightening of 30 bps from initial price guidance.

AMTD and China Aoyuan have maintained a close long-term partnership relationship, with AMTD having assisted China Aoyuan and its affiliated companies on numerous international equities and fixed income capital market transactions. This Transaction represents the 8th USD bond offering led managed by AMTD for China Aoyuan.

About China Aoyuan GroupChina Aoyuan Group was founded in 1996, and was listed on the Main Board of The Stock Exchange of Hong Kong Limited in 2007, under the stock code 3883. It is a constituent of MSCI China Index, Hang Seng Composite LargeCap & MidCap Index, Hang Seng Stock Connect and Hang Seng Stock Connect Big Bay Area Composite Index. On March 18th 2019, Aoyuan Healthy Life Group, the subgroup of China Aoyuan Group was listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code of 3662. China Aoyuan is a pioneer of composite real estate in China. Under the brand philosophy of “building a healthy lifestyle”, Aoyuan centers on property development and develops the industries relevant to its core business with a focus in Great Bay Area. By the end of 2019, Aoyuan’s overall sale has reached RMB133.06 bn, and completed 280 quality property projects.