Financing of real estate enterprises: Ping An real estate and Grandjoy Holdings Group Co.Ltd(000031) real estate issued financing plans

[ultra short term financing bonds]

Ping An real estate plans to issue 1 billion yuan of ultra short-term financing bonds

On January 18, according to the disclosure of Shangqing, Ping An Real Estate Co., Ltd. (hereinafter referred to as “Ping An real estate”) planned to issue the first phase of ultra short-term financing bonds in 2022, with an issuance amount of 1 billion yuan and an issuance period of 210 days, which will begin to bear interest on January 21, 2022.

According to the prospectus, Ping An real estate plans to use the 1 billion yuan raised in the current period to repay the maturing debt financing instruments.

[corporate bonds]

Grandjoy Holdings Group Co.Ltd(000031) real estate plans to issue corporate bonds of no more than 1.5 billion yuan

On January 18, Grandjoy Holdings Group Co.Ltd(000031) real estate announced that it planned to publicly issue the second phase of domestic corporate bonds with an issue scale of no more than 1.5 billion yuan, which will be issued to qualified investors from January 18 to January 19, 2022.

According to the announcement, the bonds will be divided into two varieties. The first is a five-year fixed interest rate bond, with the issuer’s option to adjust the coupon rate at the end of the third year and the investor’s resale option, and the coupon rate is 3.08%; Variety 2 is a seven-year fixed rate bond with the issuer’s option to adjust the coupon rate and the investor’s option to sell back at the end of the fifth year. The coupon rate is 3.49%.

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