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LONGFOR GROUP Completes Redemption of '21 Longfor 04' on Schedule; Total Principal and Interest ~RMB1.554B
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LONGFOR GROUP (00960.HK) completed on schedule the principal redemption and interest payment of "21 Longfor 04", involving a total amount of approximately RMB1.554 billion, including RMB1.495 billion in principal and RMB59 million in interest. According to public information, "21 Longfor 04" had an issuance size of RMB1.5 billion with a coupon rate of 3.93%. The bond interest payment date and partial put redemption date fall on May 21, 2026. As of end-2025, LONGFOR GROUP achieved positive operating cash flow, including capital expenditures, for three straight years. The company also steadily reduced its debt scale and continued to optimize its financial indicators. Since mid-2022, LONGFOR GROUP cumulatively reduced interest-bearing liabilities by nearly RMB60 billion. Fitch expected LONGFOR GROUP's annual credit bond maturities to decline to between RMB5 billion and RMB7 billion over the next three years, compared with about RMB20 billion in each of the previous three years. As of end-2025, the company's available cash and its track record of generating positive operating cash flow provide sufficient liquidity buffers to cover near-term debt maturities, Fitch said. S&P stated that given business diversification, LONGFOR GROUP's non-property development businesses generate stable cash flow, mitigating risks in the current downturn cycle and supporting the company's liquidity. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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