Published on 11/12/2019 in the Prospect News Emerging Markets Daily.
New Issue: China’s Yango Justice sells $250 million 10% notes due 2023
By Marisa Wong
Los Angeles, Nov. 12 – Yango Justice International Ltd. issued $250 million of 10% guaranteed notes due 2023 on Tuesday.
The notes are guaranteed by parent company Yango Group Co., Ltd.
UBS AG Hong Kong Branch, Haitong International Securities Co. Ltd., Guotai Junan Securities (Hong Kong) Ltd., Bocom International Securities Ltd., CLSA Ltd., Orient Securities (Hong Kong) Ltd., Admiralty Harbour Capital Ltd. and CMB International Capital 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: | Notes
|
| Amount: | $250 million
|
| Maturity: | 2023
|
| Bookrunners: | UBS AG Hong Kong Branch, Haitong International Securities Co. Ltd., Guotai Junan Securities (Hong Kong) Ltd., Bocom International Securities Ltd., CLSA Ltd., Orient Securities (Hong Kong) Ltd., Admiralty Harbour Capital Ltd. and CMB International Capital Ltd.
|
| Coupon: | 10%
|
| Settlement date: | Nov. 12
|
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