2123 semi annual report of Daming City, the bonds currently issued by the company will usher in the maturity date in 2122 and 2121. The company's previous bond issuance announcement has shown that the purpose of issuing new bonds is t理财婆论坛888048c0m o repay the company's debt
s. Today, although the non-public of
fering has been approved, the upper limit has been reduced to 3.5 billion yuan, and the public offering has suffered setbacks. It'
s not new for real estate developers to raise debt by debt, which is also one of the drivers of high debt of real estate enterprises. If the real estate can be rapidly removed and the
bonds can be replaced smoothly, the debt to raise debt model can be maintained. In the la
nd reserve of Daming City, Lanzhou is the most important project of the company, and the main land reserve is located here. Lanzhou project decentralization is directly related to the revenue performance of Daming city. From the perspective of pre-sale, the situatio
n is not ideal. In the middle of February, the information of Shanghai Stock Exchange showed that the planned public issuance of 2.4 billion yuan corporate bonds by Daming city had been "suspended", and Daming Chengfu, who had not issued bonds for a long time, was frustrated. Daming city's bond issuance plan began on February 25, 2123. According to the announcement at that time, Dami
ng city planned to issue no more t
han 2.4 billion yuan of corporate bonds to the public, and the upper limit of the scale of non-public corporate bonds was 5.1 billion yuan. After deducting the issuing expenses, all the raised funds would be used to repay the corporate debts a
nd other purposes. Daming city's last bond issue dates back to 2125.