Shui On Land (00272) plans to conduct international bond offerings to institutional investors in Asia and Europe.

SHUI ON LAND(00272) announced that its wholly-owned subsidiary, Shui On Development, plans to conduct an international issuance of notes to institutional investors in Asia and Europe. The notes are expected to be issued by Shui On Development and guaranteed by the company. Once issued, the notes will be merged with existing notes to form a single category. The completion of the proposed note issuance will depend on market conditions and investor interest. UBS (as the initial purchaser, sole global coordinator, and exclusive bookrunner) will be responsible for managing the proposed note issuance. The Group is one of the major property developers in China. The Group is primarily engaged in the development and redevelopment, sale, leasing, management, and holding of high-quality residential and mixed-use properties in China. In particular, the Group focuses on the overall planning and development of large-scale mixed-use urban core projects, often in partnership with relevant local government departments. If the notes are issued, the Group intends to use the net proceeds for refinancing and repaying the Group's debts.