General Announcement::OFFER TO EXCHANGE THE OUTSTANDING 13.5% SENIOR NOTES DUE 2022

Issuer & Securities

Issuer/ Manager
GANGLONG CHINA PROPERTY GROUP LIMITED
Securities
GANGLONG US$158M13.5%N221111 - XS2400313883 - JUDB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
26-Oct-2022 07:49:45
Status
New
Announcement Sub Title
OFFER TO EXCHANGE THE OUTSTANDING 13.5% SENIOR NOTES DUE 2022
Announcement Reference
SG221026OTHRA810
Submitted By (Co./ Ind. Name)
Ganglong China Property Group Limited
Designation
IR Department
Description (Please provide a detailed description of the event in the box below)
OFFER TO EXCHANGE THE OUTSTANDING 13.5% SENIOR NOTES DUE 2022 (ISIN: XS2400313883/COMMON CODE: 240031388)

The Company is offering to exchange at least a Minimum Acceptance Amount of its outstanding Existing Notes held by Eligible Holders in accordance with the terms and conditions as set out in the Exchange Offer Memorandum.

Exchange Consideration

For each US$1,000 principal amount of outstanding Existing Notes that is validly tendered prior to the Exchange Expiration Deadline and accepted for exchange, an Eligible Holder of the Existing Notes will receive the consideration below (the Exchange Consideration ):

(A) US$1,000 in aggregate principal amount of the New Notes; and

(B) Accrued Interest (rounded to the nearest US$0.01, with US$0.005 rounded upwards).

The New Notes will have a tenor of 364 days and bear an interest rate of 13.5% per annum,
payable in arrears.

Please see attached announcement for further details.

Attachments

OFFER TO EXCHANGE THE OUTSTANDING SENIOR NOTES DUE 2022.pdf
Total size =209K