Redco Properties Group Limited announced that it will issue the Notes in the aggregate principal amount of USD 250 million. The Notes will mature on 21 January 2020, unless earlier redeemed in accordance with the terms thereof. The offering price of the Notes will be 100% of the principal amount of the Notes. The Notes will bear interest from and including 22 January 2019 at the rate of 13.5% per annum, payable in arrears. Interest payment date is 22 July 2019 and 21 January 2020. The Company intends to use the net proceeds of the Notes Issue to refinance certain of its existing indebtedness and for other general corporate purposes. Credit Suisse, UBS and Barclays are the joint global coordinator in respect of the offer and sale of the Notes, which together with Orient Securities (Hong Kong), are the joint bookrunners and the joint lead managers in respect of the offer and sale of the Notes. They are also the initial purchasers of the Notes.