Sinic Holdings Successfully Completes Initial Issuance of US$250 million Green Notes

HONG KONG, Jan.19, 2021 /PRNewswire/ -- Sinic Holdings (Group) Company Limited (the "Company", stock code: 2103) is pleased to announce that the Company successfully completed the issuance of US$250 million 364-Day Senior Notes ("The Notes") on 18 January 2021 with orders over US$2 billion, obtaining 8 times over-subscription. The Notes were issued as "Green Notes" under the Green, Social, Sustainability Financing Framework (the "Framework"). The Notes achieved a coupon rate of 8.50%, and the final pricing of the Notes was 37.5 basis points lower than the initial price guidance. The yield of the Notes has decreased significantly compared to previous notes issued with comparable tenor, which proves the Company's improving investor recognition in the capital markets.

On 18 January 2021, Sinic Holdings and the Subsidiary Guarantors entered into the purchase agreement with Guotai Junan International, BOC International, UBS, Credit Suisse, CMB International, Haitong International, BNP PARIBAS, Barclays, AMTD, CCB International, China CITIC Bank International, China International Capital Corporation, CMBC Capital, HeungKong Financial, HSBC and Vision Capital International Holdings Limited in connection with the Notes. The Notes will mature on 24 January 2022 and will bear interest at a rate of 8.50% per annum, payable in arrears on 25 July 2021 and 24 January 2022.

The Company intends to use the proceeds of the Notes in accordance with the Green, Social, Sustainability Financing Framework. The Company may also adjust its plans in response to changing market conditions, and, thus, reallocate the use of the proceeds. The Company has engaged Sustainalytics, a leading independent rating institute, to provide a second party opinion to assess and confirm that the Framework is in line with relevant ICMA and LMA principles and guidelines. This fully demonstrates the Company's commitment to promote sustainable development and environment friendly property projects and to create and maintain economic, environmental and social value for our stakeholders.

Sinic Holdings has successfully attracted active subscription from investors in the market, receiving subscription of over 110 institutional investors from various countries and regions, including mainland China, Hong Kong, Europe and other countries, which fully demonstrated the recognition of investors in the market for the credit profile and the management team of the Company.

The new 364-day senior notes was assigned a B+ rating by the international credit rating agency Fitch and BB- by Lianhe Global, and the Company was assigned global scale long-term issuer corporate credit ratings of "B+" (Outlook "stable"), "B"(Outlook "stable"), "B2" (Outlook "stable") and "BB-" (Outlook "positive") by Fitch, Standard & Poor's, Moody's and Lianhe Global respectively.

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About Sinic Holdings (Group) Company Limited

Sinic Holdings (Group) Company Limited is a large-scale and comprehensive property developer in the PRC, focusing on the development of residential and commercial properties. Through over 10 years of operations, the Company has successfully established a leading position among residential property developers in Jiangxi Province and expanded its property development business into the Yangtze River Delta Region, the Greater Bay Region and the Central and Western China core cities and other regions with high-growth potential. According to the rankings of CRIC, China Index Academy and EH Consulting, the company ranked 36th, 32nd, and 31st in terms of sales amount (full scale) among real estate development enterprises of China in 2019.The Company was recognized as one of the China's Top 50 Real Estate Developers jointly by the China Real Estate Industry Association, Shanghai Yiju Real Estate Research Institution and China Real Estate Appraisal Center in 2018 and 2019, and one of the China's Top 30 Real Estate Developers in 2020 and Growth Top 10 in 2020 by the China Real Estate Top 10 Research Committee and China Index Academy in 2020.

The Company residential properties can be categorized into three major series, namely, its "Bay" Series, the "Garden" Series and the "Joy" Series, which target first-time home purchasers, home upgraders and extended families or high-income households, respectively. As of June 30, 2020, the total land bank attributable to the Company amounted to approximately 15.3 million sq.m., and the Company had 138 projects at various stages of development.