AMTD Assisted DaFa Properties with Reopening US$120m of its 2021 Bond

On Nov 6 2019, DaFa Properties Group Limited (“DaFa Properties” or the “Company”, 6111.HK) successfully priced a US$120m reopening of its outstanding US$180m 12.875% senior bonds due in July 2021 which was originally issued on 12 July 2019 (the “Transaction”). AMTD acted as the Joint Global Coordinator, Joint Bookrunner and Joint Lead Manager on the Transaction.

DaFa Properties was established in 1996 and headquartered in Shanghai. Its real estate development business covers the Yangtze River Delta city cluster, Chengdu-Chongqing urban cluster, Guangdong-Hongkong-Macao Greater Bay Area(GBA), Bohai Rim city cluster and the central urban cluster, etc. Up to now, DaFa Properties has been awarded, among others, “China Top 100 Real Estate Developers”, “The Star Developer among China’s Top 100 Real Estate Developers”, Top 10 Brands of East China Real Estate Companies" and “Outstanding China Special Real Estate Operation Enterprise-Situational Real Estate”.

This is the first transaction completed by AMTD for DaFa Properties, demonstrating AMTD’s ability to further expand our sector coverage universe and a further testament of ever growing Chinese property developers’ trust in AMTD’s capital markets capabilities.