Shimao Property to Issue US$150 Million Senior Notes Due 2022

By Joanne ChiuFeaturesDow Jones Newswires

Shimao Property Holdings Ltd. (0813.HK) said Wednesday that it plans to issue an addition of US$150 million senior notes due 2022 for debt refinancing and business development.

The latest move comes on top of the Chinese developer's earlier plan to issue 5-year US$450 million notes for debt refinancing. Both notes carry an annual interest rate of 4.75%.

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(END) Dow Jones Newswires

June 27, 2017 21:28 ET (01:28 GMT)