By Sarah Lizee
Olympia, Wash., Oct. 9 – Maoye International Holdings Ltd. priced $100 million of additional 13¼% notes due 2020 on Tuesday, according to an announcement.
The notes will be consolidated and form a single series with the $150 million 13¼% senior guaranteed notes due 2020 issued by the company on Sept. 27.
The notes will be guaranteed by Maoye’s subsidiaries.
Guotai Junan Securities (Hong Kong) Ltd., UBS AG Hong Kong Branch, AMTD Global Markets Ltd. and CMB International Capital Ltd. are the joint bookrunners and joint lead managers, with Guotai Junan and UBS as joint global coordinators for the Regulation S offering.
Proceeds will be used to supplement general working capital and to repay existing debt.
Maoye is a department store based in Shenzhen, China.
| Issuer: | Maoye International Holdings Ltd.
|
| Issue: | Senior guaranteed notes
|
| Amount: | $100 million
|
| Maturity: | Sept. 27, 2020
|
| Bookrunners: | Guotai Junan Securities (Hong Kong) Ltd., UBS AG Hong Kong Branch, AMTD Global Markets Ltd. and CMB International Capital Ltd.
|
| Coupon: | 13¼%
|
| Price: | Par
|
| Put: | Sept. 19, 2019 at par
|
| Pricing date: | Oct. 9
|
| Distribution: | Regulation S
|
| Original issue: | $150 million priced on Sept. 19 at par and settled Sept. 27
|
© 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.
