Longfor Completes Redemption of Two Medium-Term Notes Totaling Over RMB 3.6 Billion, No Bonds Due for the Rest of the Year

On August 26, Jiemian News exclusively learned that Longfor has completed the transfer of two funds totaling over RMB 3.6 billion. The funds were used to redeem the "22 Longfor Extension MTN001" due on the same day, with principal and interest totaling RMB 1.5495 billion, and to early redeem the "22 Longfor Extension MTN002" due in three months, with principal and interest totaling RMB 2.0523 billion.

According to Jiemian News, the "22 Longfor Extension MTN001" had a total issuance of RMB 1.5 billion, a bond interest rate of 3.30%, and a term of 3 years. The "22 Longfor Extension MTN002" had a total issuance of RMB 2 billion, a coupon rate of 3.00%, a term of 3 years, and a maturity date of November 30. Notably, the 22 Longfor Extension MTN002 was the first bond issued under the "Second Arrow" policy framework.

After the redemption of these two medium-term notes, Longfor Group has cumulatively redeemed bonds totaling approximately RMB 14.5 billion in principal and interest this year. With this, all bonds due within the year have been fully repaid.