Published on 2/25/2020 in the Prospect News Emerging Markets Daily.
New Issue: Yango Justice sells $300 million 8¼% guaranteed notes due 2023
By Marisa Wong
Los Angeles, Feb. 25 – China’s Yango Justice International Ltd. issued $300 million of 8¼% guaranteed senior notes due 2023 on Tuesday, according to a notice.
The notes (B2) are guaranteed by parent company Yango Group Co., Ltd.
Nomura International plc, Guotai Junan Securities (Hong Kong) Ltd., Haitong International Securities Co. Ltd., UBS AG Hong Kong Branch, Morgan Stanley & Co. International plc, the Hongkong and Shanghai Banking Corp. Ltd., Admiralty Harbour Capital Ltd., CMB International Capital Ltd. and Orient Securities (Hong Kong) Ltd. are the bookrunners.
Yango Group is a real estate development company based in Fujian, China.
Issuer: | Yango Justice International Ltd.
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Guarantor: | Yango Group Co., Ltd.
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Issue: | Senior notes
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Amount: | $300 million
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Maturity: | Nov. 25, 2023
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Bookrunners: | Nomura International plc, Guotai Junan Securities (Hong Kong) Ltd., Haitong International Securities Co. Ltd., UBS AG Hong Kong Branch, Morgan Stanley & Co. International plc, the Hongkong and Shanghai Banking Corp. Ltd., Admiralty Harbour Capital Ltd., CMB International Capital Ltd. and Orient Securities (Hong Kong) Ltd.
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Coupon: | 8¼%
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Settlement date: | Feb. 25
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Rating: | Moody’s: B2
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