HÀ NỘI — According to a directive from the Prime Minister, social distancing will be applied nationwide for 15 days starting from April 1, in an attempt to contain the spread of coronavirus, and only factories, businesses and service establishments producing and providing essential goods and services are allowed to remain open. … [Read more...] about Which businesses will remain open during national social distancing?
Regarding offshore financing, the Group was granted "B1", "B" and "B" issuer rating with a "Stable" outlook by Moody's Investor Services, Standard and Poor's Rating Services and Fitch Ratings, respectively. With its international credit ratings, the Group took advantage of the market conditions by swapping short-term bonds for long-term bonds in order to reduce its exposure to risks associated with short-term debts, rendering support to the rapid development of the Group. In particular, the transaction of the Group's US$400 million senior notes due 2022 issued in October 2019 under Securities Act Rule 144A was awarded "Best High-Yield Bond in 2019" by The Asset, an internationally renowned magazine. This issuance is not only the Group's first issuance of senior notes under Rule 144A since 2014, but also the first issuance of senior notes by a Chinese real estate enterprise under Rule 144A since 2015. The overwhelming response of this issuance also reflected the market's strong … [Read more...] about Kaisa Group (1638.HK) Announces 2019 Annual Results