CHINA HONGQIAO (01378) plans to issue $330 million US dollars of 7.05 basis points unsecured notes due in 2028.

CHINAHONGQIAO (01378) announces that on January 6, 2025, the company and its subsidiaries' guarantors entered into a purchase agreement with the preliminary buyer to issue $330 million USD principal amount of 7.05% senior notes due 2028. The Singapore Exchange has conditionally approved the listing of the notes on the Singapore Exchange. Listing of the notes on the Singapore Exchange does not imply an endorsement of the company, its subsidiaries, or the investment value of the notes. The Singapore Exchange assumes no responsibility for the accuracy of any statements, opinions, or reports in this announcement. There is no intention to list the notes on the Hong Kong Stock Exchange. The estimated net proceeds from the issuance of the notes (before deductions for commissions and expenses) will be $330 million USD. The company intends to use the net proceeds from this offering for refinancing existing offshore debts and for general corporate purposes.