By Angela McDaniels
Tacoma, Wash., May 2 – Jiayuan International Group Ltd. priced $225 million of 11 3/8% senior secured notes due 2022, according to a notice.
Some of the new notes were exchanged for all of the issuer’s outstanding $160 million 10% senior notes due 2019.
The notes are guaranteed by chairman Shum Tin Ching and subsidiaries Jiayuan Investment Management Ltd., Guo Xiang Property Co., Ltd. and Hong Kong Jia Yuan Holdings Ltd.
The notes are expected to be listed on the Frankfurt Stock Exchange.
Jiayuan International is a property developer based in Hong Kong.
| Issuer: | Jiayuan International Group Ltd.
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| Guarantors: | Shum Tin Ching, Jiayuan Investment Management Ltd., Guo Xiang Property Co., Ltd. and Hong Kong Jia Yuan Holdings Ltd.
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| Issue: | Senior secured notes
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| Amount: | $225 million
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| Maturity: | 2022
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| Coupon: | 11 3/8%
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| Settlement date: | May 2
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