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Prospect News home > News index > List of issuers Y > Headlines for Yango (Cayman) Investment Ltd. > News item |
China’s Yango Cayman plans new notes to fund tender offer
New York, July 26 – Yango (Cayman) Investment Ltd. plans to sell new notes on Monday in order to finance a tender offer for its 12½% senior notes due 2021, according to an announcement.
The tender offer will be capped at the size of the new note offering. Yango currently has $285 million of the 12½% notes outstanding.
UBS AG Hong Kong Branch and Guotai Junan International are dealer managers for the tender.
Yango (Cayman) Investment Ltd. is a subsidiary of Fujian Yango Group Co. Ltd., a real estate development business located in Fujian, China.
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