Redco Properties Group Limited issued the Notes in the aggregate principal amount of USD 300 million. The 8.50% Senior Notes due 2021 will bear interest from August 20, 2020 at 8.50% per annum payable in arrears on February 20, 2021 and August 19, 2021. At any time and from time to time prior to August 19, 2021, the company may redeem up to 35% of the aggregate principal amount of the Notes, at a redemption price of 108.50% of the principal amount of the Notes, plus accrued and unpaid interest, if any, to (but not including) the redemption date, in each case, in each case, using the net cash proceeds from sales of certain kinds of capital stock. In addition, prior to August 19, 2021. the Company may redeem the Notes at any time, in whole but not in part, at a price equal to 100% of the principal amount of such Notes plus (i) accrued and unpaid interest, if any, to (but not including) the redemption date and (ii) a premium as set in this offering memorandum. Following the occurrence of NDRC Registration the Company may at its option redeem the Notes, in whole or in part, at a redemption price equal to 101% of principal amount plus accrued and unpaid interest, if any, to (but not including) the redemption date.