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China’s Yestar International to issue senior notes via four banks
By Marisa Wong
Morgantown, W.Va., Sept. 7 – Yestar International Holdings Co. Ltd. is proposing an issuance of senior notes (expected: Ba3//BB-).
Pricing will be determined through a book-building exercise.
BofA Merrill Lynch, Credit Suisse, Deutsche Bank and Haitong International are the joint bookrunners and joint lead managers for the Regulation S offering.
Proceeds will be used to refinance existing debt, to fund capital expenditure, to finance acquisitions and for general corporate purposes.
Yestar is a medical consumables company with a focus on the in vitro diagnostic (IVD) market. The Shanghai-based company also makes medical imaging products.
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