Media Coverage

Fosun International Successfully Priced 300 Million USD Bond


November 28, 2017, HONG KONG, Fosun International Limited (SEHK stock code: 00656) (“Fosun International”) announces that it has successfully priced through its indirect wholly-owned subsidiary a three year senior guaranteed US$300 million bond.


Investor interest was strong with the order book reaching US$300 million within the first two hours of bookbuilding with final orders standing at US$725 million. The original guidance price of 5.500% was subsequently revised with the deal pricing at par at a coupon of 5.375%.


The proceeds would be used to refinance some existing debts and for working capital and general corporate purposes.  It was assigned a credit rating of BB (stable) by S&P Global Ratings.


Robin Wang, Executive Director, Senior Vice President and Chief Financial Officer of Fosun International said, ‘We are very pleased with the strong interest among international investors for a Fosun bond. The successful price strengthens our financial position and allows us to continue executing our strategy of creating ecosystems in health, happiness and wealth, providing high-quality products and services to families around the world.’


Credit Suisse and Fosun Hani acted as Global Coordinators. Credit Suisse, Fosun Hani, CITIC CLSA Securities and CNCB Hong Kong Capital acted as Joint Lead Managers and Joint Bookrunners.


 About Fosun


Fosun International Limited is a family focused multinational company that has been listed on the main board of the Hong Kong Stock Exchange (00656:HK) since 2007. Founded in 1992, Fosun's total assets exceed RMB500 billion (c.US$75 billion). With its roots in China, and through technology and innovation, Fosun’s mission is to create customer-to-maker (C2M) ecosystems in health, happiness and wealth, providing high-quality products and services for families around the world.


Cautionary Statement Regarding Forward-Looking Statements


This media release includes forward-looking statements. All statements, other than statements of historical facts, that address activities, events or developments that Fosun International Limited (the “Company”) expects or anticipates will or may occur in the future (including but not limited to projections, targets, estimates and business plans) are forward-looking statements. The Company’s actual results or developments may differ materially from those indicated by these forward-looking statements as a result of various factors and uncertainties, and other risks and factors beyond our control. In addition, the Company makes the forward-looking statements referred to herein as of today and undertakes no obligation to update these statements. The financial figures in this media release are calculated using the average exchange rate for the period from January 2017 to June 2017 (USD/CNY=6.8607 HKD/CNY=0.8820), and period-end exchange rate as of 2017/6/30 (USD/CNY=6.7744 HKD/CNY=0.8679), unless otherwise stated.