trending Market Intelligence /marketintelligence/en/news-insights/trending/IaJb7nF19bHhtK1qd5urgQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Longfor Group's December contracted sales grow YOY to 19.80B yuan

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Longfor Group's December contracted sales grow YOY to 19.80B yuan

Longfor Group Holdings Ltd.'s contracted sales in December 2019 increased to 19.80 billion yuan from 18.47 billion yuan in the prior-year period.

The unaudited sales figure for the reporting month corresponds to 1,087,000 square meters of contracted gross floor sales area.

For the year ended Dec. 31, 2019, the Chinese property group's contracted sales rose 20.86% year over year to 242.50 billion yuan from 200.64 billion yuan. The full-year sales figure, which surpassed the company's target, reflected 14,238,000 square meters of contracted gross floor sales area, according to a Jan. 7 filing.

Longfor Group also said in a separate same-date filing that it plans to issue US$250.0 million of 3.375% senior notes due April 13, 2027, and US$400.0 million of 3.85% senior notes due Jan. 13, 2032.

The 2027 notes will be offered at a price equivalent to 99.940% of its principal amount, while the 2032 notes will be offered at a price corresponding to 99.857% of its principal amount. The group noted that it obtained in-principle approval from the Singapore stock exchange for the listing of the notes.

The estimated gross proceeds of US$649.3 million from the issuance will be used for refinancing and corporate purposes, the company added.

Citigroup Global Markets Ltd., Goldman Sachs (Asia) LLC, Haitong International Securities Co. Ltd., HSBC and Morgan Stanley & Co. International PLC are the joint global coordinators, joint book runners and joint lead managers for the issuance.

As of Jan. 7, US$1 was equivalent to 6.94 yuan.