Beijing Properties Launches CNY1.5B Bond Issue

Beijing Properties (Holdings) Limited (HK:0925) has released an update.

Beijing Properties (Holdings) Limited has announced the issuance of CNY1,500,000,000 guaranteed bonds with a 5.4% yield, set to mature in 2027, aiming to refinance existing debt, fund projects, and for general corporate purposes. The subscription agreement for these bonds was successfully entered with the Joint Lead Managers on June 20, 2024. However, investors are advised to exercise caution as the completion of the subscription is subject to certain conditions and the bond issue is not guaranteed.

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