CIFI Holdings (Group) Co. Ltd. issued US$285 million in 5.5% senior notes due 2022.

The company made an application to the Hong Kong stock exchange to list and deal in the bonds, with permission to be granted by the bourse expected to become effective Jan. 24.

According to a Dec. 19, 2016, release, CIFI said it will channel net proceeds from the issuance to refinance its existing debt and for general working purposes.