Stock Code: 600383 Stock Abbreviation: GEMDALE CORPORATION Announcement No.: 2016-011
ANNOUNCEMENT ON COUPON RATE OF THE FIRSTTRANCHE OF 2016 CORPORATE BOND OF GEMDALE CORPORATION
The Board of Directors of the Company and all directors hereby warrant that there are no false representations, misleading statements or material omission in this announcement, and they individually and collectively accept full responsibility for the truthfulness, accuracy and completeness of the contents contained herein.
The public issuance of corporate bond by Gemdale Corporation (hereinafter referred to as the “Issuer”) to eligible investors in amount of up to and including RMB6.0 billion has been approved by China Securities Regulatory Commission (Zheng Jian Xu Ke [2015] No.1977). The corporate bond will be issued in tranches and theprincipal amount of the first tranche of 2016 corporate bond of Gemdale Corporation (hereafter referred to as the “Bond”) was RMB2.0 billion, which could be over-allotted for up to RMB1.0 billion.
The Bond was divided into two types. Type 1 of the Bond has been issued with a term of 6 years, and is subject to the Issuer’s option to raise the coupon rate at the end of the third year and investors’ option to sale back. The initialprincipal amount was RMB1.0 billion. Type 2 of the Bond has been issued with a term of 8 years, and is subject to the Issuer’s option to raise the coupon rate at the end of the fifth year and investors’ option to sale back. The initialprincipal amount was RMB1.0 billion. The above 2 types could be over-allotted for up to a total of RMB1.0 billion. Reallocation option between the two types with no restriction on the allocation ratio was introduced to the Bond. The Issuer and the lead underwriter would determine upon agreement whether to exercise reallocation option between the two types in the total issuance (including over-allotment) based on the issuance and subscription of the Bond.
On 21 March 2016, the Issuer and the lead underwriter conducted an offline price consultation with institutional investors regarding the coupon rate. Based on the consultation results, and upon sufficient negotiations carried out between and prudent judgment exercised by the Issuer and the lead underwriter, the final issue size of type 1 of the Bond was finally determined to be RMB1.3 billion, with the coupon rate to be 3.00%; the final issue size of type 2 of the Bond was finally determined to be RMB1.7 billion, with the coupon rate to be 3.50%
The Issuer will issue the Bond in an offline manner to the eligible investors at the aforesaid coupon rates from 22March 2016 to 23March 2016. For details of subscription procedures, please refer to the “Announcement on Public Issuance of the First Tranche of 2016 Corporate Bond of Gemdale Corporation to Eligible Investors (《金地（集团）股份有限公司公开发行2016年公司债券（第一期）发行公告（面向合格投资者）》)” published on Securities Times, Shanghai Securities News, China Securities Journal and the website of Shanghai Stock Exchange ( on 18 March 2016.
Issuer: Gemdale Corporation
Principal lead underwriter and bookrunner: China International Capital Corporation Limited
Joint lead underwriter: Guosen Securities Co., Ltd.
22March 2016