By Marisa Wong
Los Angeles, Feb. 20 – Fujian Yango Group Co. Ltd. subsidiary Yango (Cayman) Investment Ltd. issued $110 million of 12½% guaranteed senior notes due 2022 on Thursday, according to a notice.
The notes (B-) are guaranteed by the parent company.
Guotai Junan International and CCB International are the bookrunners.
Fujian Yango is an investment company based in Fuzhou, China.
| Issuer: | Yango (Cayman) Investment Ltd.
|
| Guarantor: | Fujian Yango Group Co. Ltd.
|
| Issue: | Senior notes
|
| Amount: | $110 million
|
| Maturity: | Feb. 20, 2022
|
| Bookrunners: | Guotai Junan International and CCB International
|
| Coupon: | 12½%
|
| Settlement date: | Feb. 20
|
| Rating: | S&P: B-
|
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