Obbligazione Evergrande Holdings 8.75% ( XS1627599654 ) in USD

Evergrande Holdings

100 USD ▲

Cina

XS1627599654 ( in USD )

8.75% per anno ( pagato 2 volte l'anno)

28/06/2025 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione China Evergrande Group XS1627599654 in USD 8.75%, scaduta

200 000 USD

4 680 476 000 USD

China Evergrande Group è una società immobiliare cinese, un tempo tra le più grandi al mondo, che ha affrontato una grave crisi finanziaria nel 2021, con conseguenti ripercussioni significative sul mercato immobiliare cinese e sull'economia globale.

The Obbligazione issued by Evergrande Holdings ( China ) , in USD, with the ISIN code XS1627599654, pays a coupon of 8.75% per year.
The coupons are paid 2 times per year and the Obbligazione maturity is 28/06/2025

PRICING SUPPLEMENT
Date: June 21, 2017

Offering of the Notes

Issuer:
China Evergrande Group
Currency:
U.S. Dollar
Offering type:
Reg S
Status:
Senior Notes
Issuer Ratings:
B2 (stable) by Moody's; B (stable) by S&P; B+ (stable) by Fitch
Expected Issue Ratings:
B3 by Moody's; B- by S&P; B- by Fitch
Issue Date:
June 28, 2017 (T+5 settlement)
Interest Payment Dates:
June 28 and December 28 of each year, commencing December 28, 2017
Security:
Share pledges of all current Subsidiary Guarantors and certain future
Subsidiary Guarantors until either (i) the repayment in full of all amounts
owing under all Existing Pari Passu Secured Indebtedness and any Permitted
Pari Passu Secured Indebtedness or (ii) the concurrent release of the Lien on
all Existing Pari Passu Secured Indebtedness and any Permitted Pari Passu
Secured Indebtedness.
Denominations:
US$200,000 in principal amount and integral multiples of US$1,000 in excess
thereof
Joint Lead Managers and Credit Suisse Securities (Europe) Limited
Joint Bookrunners:
China CITIC Bank International Limited
Haitong International Securities Company Limited
Trustee and Collateral
Citicorp International Limited
Agent:
Listing:
Singapore Exchange Securities Trading Limited
Governing Law:
New York Law

US$500,000,000 principal amount of its 6.25% Senior Notes due 2021 (the "2021 Notes")

Issue size:
US$500,000,000
Maturity Date of 2021
June 28, 2021
Notes:
Interest Rate of 2021
6.25% per annum (payable semi-annually)
Notes:
Issue Price of 2021 Notes: 100.0%
Optional Redemption of
At any time prior to June 28, 2021, the Issuer may at its option redeem the
2021 Notes:
2021 Notes, in whole but not in part, at a redemption price equal to 100% of
the principal amount of the 2021 Notes plus the customary make-whole
premium as of, and accrued and unpaid interest, if any, to the redemption
date.

At any time and from time to time prior to June 28, 2021, the Issuer may
redeem up to 35% of the aggregate principal amount of the 2021 Notes at a
redemption price of 106.25% of the principal amount of the 2021 Notes, plus

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accrued and unpaid interest, if any, to (but not including) the redemption date
with the proceeds from sales of certain kinds of its capital stock, subject to
certain conditions.
ISIN:
XS1627599142
Common Code:
162759914

US$1,000,000,000 principal amount of its 7.50% Senior Notes due 2023 (the "2023 Notes")

Issue size:
US$1,000,000,000
Maturity Date of 2023
June 28, 2023
Notes:
Interest Rate of 2023
7.50% per annum (payable semi-annually)
Notes:
Issue Price of 2023 Notes: 100.0%
Optional Redemption of
On or after June 28, 2020, the Issuer may on any one or more occasions
2023 Notes:
redeem all or any part of the 2023 Notes, at the redemption prices (expressed
as percentages of principal amount), plus accrued and unpaid interest, if any,
on the Notes redeemed, to (but not including) the applicable date of
redemption, if redeemed during the twelve-month period beginning on June
28 of the years indicated below:

Year
Redemption Price
2020 ................................................................
103.75%
2021 ................................................................
101.875%
2022 and thereafter ................................ 100.0%

At any time prior to June 28, 2020, the Issuer may at its option redeem the
2023 Notes, in whole but not in part, at a redemption price equal to 100% of
the principal amount of the 2023 Notes plus the customary make-whole
premium as of, and accrued and unpaid interest, if any, to the redemption
date.

At any time and from time to time prior to June 28, 2020, the Issuer may
redeem up to 35% of the aggregate principal amount of the 2023 Notes at a
redemption price of 107.50% of the principal amount of the 2023 Notes, plus
accrued and unpaid interest, if any, to (but not including) the redemption date
with the proceeds from sales of certain kinds of its capital stock, subject to
certain conditions.
ISIN:
XS1627599498
Common Code:
162759949

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US$2,300,000,000 principal amount of its 8.75% Senior Notes due 2025 (the "2025 Notes")

Issue size:
US$2,300,000,000
Maturity Date of 2025
June 28, 2025
Notes:
Interest Rate of 2025
8.75% per annum (payable semi-annually)
Notes:
Issue Price of 2025 Notes: 100.0%
Optional Redemption of
On or after June 28, 2021, the Issuer may on any one or more occasions
2025 Notes:
redeem all or any part of the 2025 Notes, at the redemption prices (expressed
as percentages of principal amount), plus accrued and unpaid interest, if any,
on the Notes redeemed, to (but not including) the applicable date of
redemption, if redeemed during the twelve-month period beginning on June
28 of the years indicated below:

Year
Redemption Price
2021 ................................................................
104.375%
2022 ................................................................
102.1875%
2023 and thereafter ................................ 100.0%

At any time prior to June 28, 2021, the Issuer may at its option redeem the
2025 Notes, in whole but not in part, at a redemption price equal to 100% of
the principal amount of the 2025 Notes plus the customary make-whole
premium as of, and accrued and unpaid interest, if any, to the redemption
date.

At any time and from time to time prior to June 28, 2021, the Issuer may
redeem up to 35% of the aggregate principal amount of the 2025 Notes at a
redemption price of 108.75% of the principal amount of the 2025 Notes, plus
accrued and unpaid interest, if any, to (but not including) the redemption date
with the proceeds from sales of certain kinds of its capital stock, subject to
certain conditions.
ISIN:
XS1627599654
Common Code:
162759965

China Evergrande Group (the "Issuer") has prepared a preliminary offering memorandum dated
June 8, 2017 (the "Preliminary Memorandum"), to which this communication relates.
The Preliminary Memorandum shall be amended as follows:
1. The following recent developments will be added after the first paragraph on page 7 of the
Preliminary Memorandum under "Recent Development":
"On June 9, 2017, Hengda Real Estate and its subsidiaries sold to Shenzhen Real Estate
1,553,210,974 A Shares of China Vanke Co., Ltd., ("Vanke") for an aggregate consideration of
approximately RMB29,200,266,311.20, representing approximately 14.07% of the total issued
share capital of Vanke. The consideration for the sale of the Vanke A Shares was RMB18.80 per
share, and we expect to record a loss of approximately RMB7.07 billion as a result of the sale.
See ``Business --Other Business -- Others."

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On June 13, 2017, Kailong Real Estate and Hengda Real Estate modified the investment
agreement entered into on May 31, 2017, such that Maanshan Maowen Technology Industrial
Park Co., Ltd. (), Shenzhen Baoxin Investment Co., Ltd. (
), Jiangxi Huada Property Group Co., Ltd. (
), Shenzhen Qixiang Investment Co., Ltd. (), Shenzhen
Jiancheng Investment Co., Ltd. (), Suzhou Industrial Park Ruican
Investment Enterprise LLP (()), Ningbo Minyin Jintou
Hongda No. 3 Investment Management LLP ((
)), Jiaxing Yumin No. 5 Investment LLP (()),
Weifang Golden Orange Hongyuan Investment Management LLP (
()), Jiayu Vehicle Accessories Ningxia LLP (()),
Shenzhen Qianhai Zhongyi Holding Co., Ltd. (), Shanghai
Haoren Property Management Co., Ltd. (), Qingdao Yonghe
Jinfeng Group Co., Ltd. () subscribed for additional capital in
Hengda Real Estate in the aggregate amount of RMB42.5 billion, or approximately an additional
13.0% of the equity interest in Hengda Real Estate, increasing their total holdings to
approximately 26.0% of the equity interest in, Hengda Real Estate. The proceeds from the sale of
additional capital in Hengda Real Estate will be used to repay certain indebtedness of ours and for
future project development."
* * *
The information contained herein supersedes the information in the Preliminary Memorandum to
the extent inconsistent with the information in the Preliminary Memorandum. Before you invest, you
should read the Preliminary Memorandum and the contents of this pricing supplement for more complete
information about the Issuer and this offering. You should already have a copy of the Preliminary
Memorandum, or the Initial Purchasers will arrange to send you another copy, if you request it.
Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the
Preliminary Memorandum.
* * *
THIS COMMUNICATION IS INTENDED FOR THE SOLE USE OF THE PERSON TO
WHOM IT IS PROVIDED BY THE SENDER AND IS NOT INTENDED FOR DISTRIBUTION IN
THE UNITED STATES NOR TO ANY U.S. PERSON. THE INFORMATION CONTAINED HEREIN
DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES, OR
A SOLICITATION OF AN OFFER TO BUY, ANY NOTES BY ANY PERSON IN ANY
JURISDICTION IN WHICH IT IS UNLAWFUL FOR SUCH PERSON TO MAKE SUCH AN
OFFERING OR SOLICITATION. THE NOTES DESCRIBED HEREIN HAVE NOT BEEN, AND
WILL NOT BE, REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED, OR
WITH ANY SECURITIES REGULATORY AUTHORITY OF ANY STATE OR OTHER
JURISDICTION IN THE UNITED STATES AND MAY NOT BE OFFERED OR SOLD, DIRECTLY
OR INDIRECTLY, INTO THE UNITED STATES UNLESS THE NOTES ARE SO REGISTERED OR
PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT
TO, THE REGISTRATION REQUIREMENTS OF THE U.S. SECURITIES ACT OF 1933, AS
AMENDED, AND APPLICABLE STATE OR LOCAL SECURITIES LAWS. ANY PUBLIC
OFFERING OF SECURITIES TO BE MADE IN THE UNITED STATES WILL BE MADE BY
MEANS OF A PROSPECTUS THAT MAY BE OBTAINED FROM THE ISSUER AND WILL
CONTAIN DETAILED INFORMATION ABOUT THE COMPANY AND MANAGEMENT, AS
WELL AS FINANCIAL STATEMENTS. NO PUBLIC OFFERING OF THE NOTES WILL BE MADE

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IN THE UNITED STATES, AND THE ISSUER DOES NOT INTEND TO REGISTER ANY PART OF
THE OFFERING IN THE UNITED STATES.
ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT
APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH
DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT
OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.

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