LONGFOR GROUP(HK:00960) Xin Lang Zheng Quan·2025-08-26 07:20Core Viewpoint - Longfor has successfully completed the repayment of two medium-term notes totaling over 3.6 billion yuan, demonstrating its commitment to debt reduction and financial stability [1][3]. Group 1: Debt Repayment Details - On August 26, Longfor completed payments for "22 Longfor Expansion MTN001" and "22 Longfor Expansion MTN002," totaling 3.6 billion yuan, with principal and interest amounts of 1.5495 billion yuan and 2.0523 billion yuan respectively [1]. - The total issuance amount for "22 Longfor Expansion MTN001" was 1.5 billion yuan with a bond rate of 3.30% and a term of 3 years; "22 Longfor Expansion MTN002" had an issuance amount of 2 billion yuan with a coupon rate of 3.00% and a maturity date of November 30 [1]. - Following these repayments, Longfor has settled all its bond maturities for the year, amounting to approximately 14.5 billion yuan in total bond principal and interest repayments [3]. Group 2: Debt Management Strategy - Longfor's management has emphasized the importance of reducing overall debt levels and optimizing the debt structure, with 2025 identified as a critical year for debt conversion [1]. - The company aims to steadily decrease its total debt while ensuring timely bank financing without delays or extensions, and to enhance its financing structure by increasing long-term debt and controlling short-term debt [1]. - Since July, Longfor has been actively working on debt reduction, including the repayment of various bonds and loans, indicating a focused strategy on financial health [2].