China Hongqiao Group Ltd. agreed to issue senior unsecured notes worth US$200 million for refinancing debt and for general corporate purposes.
The notes are due 2023 and will bear an interest of 7.375% per annum, the company said Sept. 25.
The company has the option to redeem the notes at any time before May 2, 2023.
The offering is expected to close Oct. 2.
In July, the company announced a US$300 million senior unsecured debt issuance maturing in 2022.
