AMTD Deals | Datang Group's US$300m 12.5% 364-Day Senior Bond Debut Offering

Earlier in the year, Datang Group Holdings Limited (“Datang Group” or the “Company”, 2117.HK) successfully priced its US$300m 12.5% 364-Day senior fixed rate bond debut offering (the “Transaction”). AMTD acted as a Joint Bookrunner and Joint Lead Manager on the Transaction.

This is the Company’s first ever USD bond offering, further expanding its offshore financing channels after its HK IPO in December 2020. Having received great support from anchor investors, the Company effectively set a final price guidance of 13.0%. The overall offering is successful, with the orderbook reached over US$600m at its peak, representing an oversubscription of 2x.

About Datang Group

Datang Group is a property developer in China focused on the development of residential and commercial properties in selected economic regions. We have expanded our business into mainly six economic regions in China, including the Western Taiwan Strait Economic Region, Beibu Gulf Region and Neighboring Cities, Beijing-Tianjin-Hebei Region, Midstream Parts of the Yangtze River Region, Yangtze River Delta Region and Chengdu-Chongqing Region. In 2020, we were ranked 73rd among the Top 200 Real Estate Property Developers in China in terms of contracted sales amount by the CRIC. In 2018, 2019 and 2020, we were one of the top three property developers in urban areas of Zhangzhou and Nanning in terms of contracted sales amount by the CRIC.