Kaisa notes suffered againChinese home ownershipThe sell-off, the third since the announcement on October 21, with a principal amount of US $55 million and a consideration of US $19.32 million (including interest), has realised a loss of HK $288 million, compared with a net loss of 500 million on the previous two US $100m bills.
On October 22nd, Chinese property once again issued an announcement. On October 21st, the company conducted a series of transactions in the market to sell sold bills with a principal amount of US $52 million, with a total consideration of US $15.42 million (non-interest bearing) and a total interest bearing amount of HK $136 million. The realized net loss was HK $278 million, and the issuer of the bill was Kaisa.
It is worth noting that on October 21, Chinese property issued an announcement that during the period from October 19 to October 20, 2021 (including the first and last days), the Group sold notes with a total principal of US $48 million through a series of transactions in the over-the-counter market. The total consideration is US $18.307 million (equivalent to approximately HK $143 million) (excluding accrued interest) or US $20.377 million (equivalent to approximately HK $159 million) (including accrued interest).
Among them, the issuer of the billKaisa GroupThe proceeds from the sale of Chinese properties totaled 159 million, with a realized loss of HK $226 million. The company intends to use the proceeds from the sale as general working capital initially and for reinvestment when the opportunity arises.