Landsea Green Group Issued US$150 Million Green Senior Notes for First Time


Hong Kong, April 20, 2018 - Landsea Green Group Co., Ltd., (“Landsea” or the “Company” and its subsidiaries collectively the “Group”, HKEX stock code: 00106), China’s leading property development services provider and green living operator, is pleased to announce the Company has successfully issued a total of US$150 million green senior notes with a coupon rate of 9.625%, as the first green notes issued by the company.

The Company intends to use the net proceeds of the notes issue in accordance with the Company’s green bond framework to finance and refinance eligible projects, including without limitation, the refinancing of existing debt in relation to, or for general corporate purposes related to, such projects, which target climate mitigation and include investment in the development of sustainable properties. Guotai Junan International, Haitong International, HSBC and China International Capital Corporation are the joint global coordinators and joint lead managers in respect of the offer and sale of the Notes.  The Group received a credit rating for the first time in January 2018. Moodys has a positive outlook for B2, Fitch has a positive outlook for B, and S&P has a stable outlook for B.

On April 20th in London, Standard & Poors Global Ratings announced that according to its Green Evaluation, the 150 million US dollars green notes issued by Landsea Green Group was rated at E1/84, which is the highest rating for green evaluations. The Green Evaluation of S&P Global Ratings is an environmental certification for assets, based on the existing governance and transparency frameworks (such as the Green Bond Principles), taking into account the climate elasticity and environmental impact. The Green Evaluation aims to provide investors with a more comprehensive picture of the green impact and climate risk of their investment portfolio.

Leveraging on the solid foundation of property business, Landsea has been vigorously exporting its project development and management services. At the meantime, Landsea strives to promote the development of related diversified businesses and initiated a “Banyan Tree Scheme”. The Group also engages in green operation business, including long-term rental apartment, elderly care services, green financial services, green architectural design, property services and decoration. The notes issued in the form of green bonds will provide the funding for Landseas new and existing projects related to environmental protection and green business.

Mr. Tian Ming, Chairman of the Board of Landsea Green Group, concluded: “Landsea always adheres to a sound financial policy. The first issuance of green senior notes will broaden financing channels and will further improve the company’s debt structure and enhance the company’s capacity of debt repayment, providing financial support for the development of the companys diversified business. Landsea has always insisted on advocating environmental protection and developing diversified green business. In the future, Landsea will focus on the green real estate business and continue to deepen the ‘Banyan Tree Scheme’, in order to continue the green transformation of the Company and create greater value for shareholders with excellent products and outstanding operating results."



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About Landsea Green Group Co., Ltd

Landsea Green Group Co., Ltd. (Company website: www.landsea.hk) is China’s leading property development services provider and green living operator. Landsea is committed to creating an one-stop integrated green living ecosystem for users, covering full range of green business fields of green property development, long-term leasing apartment, elderly care services, green finance, green architectural design, property services, green decoration and property financing. The Company’s businesses are developed in over 30 cities in China, including Beijing, Shanghai, Shenzhen, Tianjin, Chongqing, Nanjing, Hangzhou, Wuhan, Chengdu, Xi’an and Guangzhou, as well as tier-1 cities in the United States.


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