BRIEF-Sunac China Says Non-Cash Payment Of Interest Relating To New Notes

Reuters04-02

April 2 (Reuters) - Sunac China :

* NON-CASH PAYMENT OF INTEREST RELATING TO NEW NOTES

* TOTAL AMOUNT OF PAYMENT-IN-KIND INTEREST ACCRUED AS AT 30 MARCH IN RELATION TO NEW NOTES IS US$191.8 MILLION

* ACCRUAL OF PIK INTEREST INCREASES OUTSTANDING PRINCIPAL AMOUNT OF NEW NOTES AS AT INTEREST PAYMENT DATE TO US$5.90 BILLION

* HAS ELECTED TO PAY ALL INTEREST IN KIND OF NEW NOTES AS AT INTEREST PAYMENT DATE OF 30 MARCH 2024

Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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