China’s CIFI Holdings offers to buy all 5½% senior notes due 2022

Chicago, Jan. 3 – CIFI Holdings (Group) Co. Ltd. is offering to buy the $505.1 million outstanding 5½% senior notes due 2022 (ISIN: XS1513700127) that are part of the series issued on Jan. 23, 2017 and Oct. 5, 2018, according to an offer document.

The company may not buy all of the tendered notes.

CIFI is offering $1,000.50 for each $1,000 note. Accrued interest up to the settlement date will also be paid.

Financing for the offer is coming from internal cash resources.

The offer will expire at 11 a.m. ET on Jan. 7.

Settlement is scheduled for Jan. 12.

The company is conducting the offer to proactively manage its balance sheet liabilities and optimize its debt structure.

HSBC Ltd. is the dealer manager.

D.F. King & Co., Inc. is the information and tender agent for the offer (+44 20 7920 9700, +852 3953 7208, cifi@dfking.com).

CIFI, based in Shanghai, is a real estate developer that builds properties in first- and second-tier cities in China.

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