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sunac china holdings group's financing is smooth, and it is exploring new tracks to seek new development

2024-09-04

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thanks to its healthy financial condition and excellent credit system, sunac china holdings has always maintained smooth and diversified financing channels.

in may this year, sunac china holdings successfully issued its first medium-term note of the year, fully guaranteed by china bond increase, with an issuance scale of 1.36 billion yuan and a total subscription multiple of over 2.7 times. the three-year coupon rate was 3.2%, and the five-year coupon rate was 3.4%, maintaining a low financing cost. this is also the second time the company has received policy support from private enterprise bond financing support tools in 2024 after successfully issuing four medium-term notes fully guaranteed by china bond increase.

in addition, relying on the high-quality asset fundamentals and growing operational strength of wuyue plaza, the commercial sector continues to bring incremental financing cash flow to sunac china holdings. from january to august this year, sunac china holdings obtained an additional 12 billion yuan in financing using wuyue plaza as collateral.

in addition to good business and financial performance, in order to give full play to the synergy effect and resource advantages, sunac china holdings limited established the real estate construction and management business platform "sunac china holdings limited" to continuously expand its development track. backed by the strategic layout and resource accumulation of its parent company, sunac china holdings limited has basically achieved a nationwide layout. data shows that as of the end of june 2024, sunac china holdings limited has managed more than 90 projects with a total construction area of ​​more than 13 million square meters, more than 50 commercial complex projects under management, and more than 3.52 million square meters of newly signed areas in the first half of the year, ranking 6th in the "newly signed construction scale ranking" and 9th in the "construction sales scale ranking" of china's real estate construction companies from january to june 2024 by china index academy, with a steady growth in business scale.