Kaisa Group starts cash offer for two series of 7 7/8% notes due 2021

Chicago, April 20 – Kaisa Group Holdings Ltd. launched a cash offer to purchase any and all of the $300 million outstanding 7 7/8% senior notes due June 9, 2021 (ISIN: XS2181557740) and any and all of the $400 million outstanding 7 7/8% senior notes due June 30, 2021 (ISIN: XS1627597286), according to a notice.

The company is offering to purchase each $1,000 note for a $1,001.50. Interest will also be paid to the settlement date.

Funding for the tender offer will come from internal resources and from the issuance of senior notes.

The company intends this to be an any-and-all offer. This intention could change and either or both offers could be subject to proration, independent of the other offer.

The expiration deadline is 11 a.m. ET on April 27.

Settlement is expected for April 29.

Credit Suisse (Hong Kong) Ltd. and Deutsche Bank AG, Singapore Branch (+65 6423 8367) are the dealer managers.

Morrow Sodali Ltd. is the information and tender agent (London: +44 20 8089 3287, Hong Kong: +852 2319 4130, kaisa@investor.morrowsodali.com, https://bonds.morrowsodali.com/kaisa).

Kaisa Group is a Shenzhen, China-based property development company.

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