Published on 3/19/2021 in the Prospect News Emerging Markets Daily.
New Issue: China’s Fujian Yango unit sells $175 million 12% three-year notes
By Marisa Wong
Los Angeles, March 19 – Fujian Yango Group Co. Ltd. subsidiary Yango (Cayman) Investment Ltd. issued $175 million of 12% guaranteed senior notes due 2024 (B-) on Friday, according to a notice.
UBS AG Hong Kong Branch, AMC Wanhai Securities Ltd., Guotai Junan Securities (Hong Kong) Ltd., Yonxi Securities Ltd., CRIC Securities Co. Ltd. and Yango International Financial Holdings Ltd. are the bookrunners.
Fujian Yango is an investment company based in Fuzhou, China.
| Issuer: | Yango (Cayman) Investment Ltd.
|
| Issue: | Guaranteed senior notes
|
| Amount: | $175 million
|
| Maturity: | March 19, 2024
|
| Bookrunners: | UBS AG Hong Kong Branch, AMC Wanhai Securities Ltd., Guotai Junan Securities (Hong Kong) Ltd., Yonxi Securities Ltd., CRIC Securities Co. Ltd. and Yango International Financial Holdings Ltd.
|
| Coupon: | 12%
|
| Settlement date: | March 19
|
| Rating: | S&P: B-
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
