Published on 1/15/2020 in the Prospect News Emerging Markets Daily.
New Issue: Yango Justice sells $300 million 9¼% guaranteed notes due 2023
By Marisa Wong
Los Angeles, Jan. 15 – China’s Yango Justice International Ltd. issued $300 million of 9¼% guaranteed senior notes due 2023 on Wednesday, according to a notice.
The notes (//B) are guaranteed by parent company Yango Group Co., Ltd.
Guotai Junan Securities (Hong Kong) Ltd., Haitong International Securities Co, Ltd., UBS AG Hong Kong Branch, CMB International Capital Ltd., Admiralty Harbour Capital Ltd., Orient Securities (Hong Kong) Ltd. and CLSA Ltd. are the bookrunners.
Yango Group is a real estate development company based in Fujian, China.
| Issuer: | Yango Justice International Ltd.
|
| Guarantor: | Yango Group Co., Ltd.
|
| Issue: | Senior notes
|
| Amount: | $300 million
|
| Maturity: | April 15, 2023
|
| Bookrunners: | Guotai Junan Securities (Hong Kong) Ltd., Haitong International Securities Co, Ltd., UBS AG Hong Kong Branch, CMB International Capital Ltd., Admiralty Harbour Capital Ltd., Orient Securities (Hong Kong) Ltd. and CLSA Ltd.
|
| Coupon: | 9¼%
|
| Settlement date: | Jan. 15
|
| Rating: | Fitch: B
|
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