龙湖一日内兑付两笔中票，合计金额超36亿元

Core Viewpoint - Longfor Group has successfully completed the repayment of all bonds due in 2023, focusing on debt reduction and optimization of its debt structure amid industry downturns [2][3]. Group 1: Debt Repayment Details - On August 26, Longfor Group completed two fund transfers totaling over 3.6 billion RMB for the repayment of "22 Longfor Expansion MTN001" and the early repayment of "22 Longfor Expansion MTN002" [1]. - The total principal and interest for "22 Longfor Expansion MTN001" amounted to 1.5495 billion RMB, while "22 Longfor Expansion MTN002" totaled 2.0523 billion RMB [1]. - The issuance details for "22 Longfor Expansion MTN001" include a total issuance of 1.5 billion RMB with a coupon rate of 3.30% and a 3-year term, while "22 Longfor Expansion MTN002" had a total issuance of 2 billion RMB with a coupon rate of 3.00% [1]. Group 2: Debt Management Strategy - Longfor Group's management has emphasized the importance of reducing overall debt levels and optimizing financing structures, with 2025 being a critical year for debt conversion [2]. - The company aims to decrease short-term debt while increasing long-term debt, ensuring timely repayments without overdue or extended financing [2]. - Since July, Longfor has made several debt repayments, including 1.766 billion RMB for "22 Longfor 04" and 522.5 million RMB for "20 Longfor Expansion MTN001B" [2]. Group 3: Financial Health and Outlook - Following the recent bond repayments, Longfor Group has cumulatively repaid approximately 14.5 billion RMB in bond principal and interest in 2023 [3]. - DBS Bank noted that optimizing the balance sheet and maintaining cash flow for debt repayment are key operational focuses for Longfor, indicating positive progress in these areas [3]. - The expectation is that after repaying the December syndicated loans, Longfor will clear its recent offshore debts [3].