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KUALA LUMPUR (Oct 22): Country Garden Holdings Co Ltd, which is the Johor state government’s joint venture partner in the Forest City property project in Johor, had today issued US$1 billion worth of bonds, which will be listed on the Singapore Exchange Ltd (SGX) tomorrow.
In filings to SGX today, Country Garden Holdings said it had today issued US$500 million worth of senior notes due 2025 with an annual coupon rate of 3.125% and another US$500 million worth of senior notes due 2030 with a coupon payment of 3.875%.
“The notes will be listed and quoted in the (SGX’s) Bonds Market with effect from 9am, Friday, Oct 23, 2020,” Country Garden Holdings said.
According to Forest City’s website, Country Garden Pacificview Sdn Bhd (CGPV) is a master developer and real estate joint venture between Esplanade Danga 88 Sdn Bhd and Country Garden Holdings.
Esplanade Danga 88, an associate company of Kumpulan Prasarana Kerajaan Johor, owns 40% of CGPV while the remaining 60% is owned by Country Garden Holdings, which is headquartered in Guangdong, China, according to Forest City.
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