By Christine Van Dusen
Atlanta, April 15 - China's Yingde Gases Group Co. Ltd. sold $300 million 8¼% five-year notes (Ba3/BB-/BB) at 99.496, according to a company filing.
Deutsche Bank was the bookrunner for the Rule 144A and Regulation S notes.
The proceeds will be used for capital expenditures, general corporate purposes and for financing certain indebtedness.
Yingde Gases is a Hong Kong-based producer of industrial gases.
| Issuer: | Yingde Gases Group Co. Ltd.
|
| Amount: | $300 million
|
| Maturity: | April 19, 2018
|
| Description: | Notes
|
| Bookrunner: | Deutsche Bank
|
| Coupon: | 8¼%
|
| Price: | 99.496
|
| Trade date: | April 12
|
| Settlement date: | April 19
|
| Ratings: | Moody's: Ba3
|
| Standard & Poor's: BB-
|
| Fitch: BB
|
| Distribution: | Rule 144A/Regulation S
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
