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Published on 3/12/2020 in the Prospect News Emerging Markets Daily.

New Issue: Yango Justice sells $188 million 6.8% one-year guaranteed notes

By Marisa Wong

Los Angeles, March 12 – China’s Yango Justice International Ltd. issued $188 million of 6.8% guaranteed senior notes due 2021 on Thursday, according to a notice.

The notes are guaranteed by parent company Yango Group Co., Ltd.

Haitong International Securities Co. 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.
Guarantor:Yango Group Co., Ltd.
Issue:Senior notes
Amount:$188 million
Maturity:March 11, 2021
Bookrunners:Haitong International Securities Co. Ltd. and Orient Securities (Hong Kong) Ltd.
Coupon:6.8%
Settlement date:March 12

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