By William Gullotti
Buffalo, N.Y., Aug. 4 – Yango (Cayman) Investment Ltd. priced $250 million of 12½% guaranteed senior notes due Jan. 4, 2024, according to a listing notice on Wednesday.
The joint lead managers and joint bookrunners for the offering are UBS AG Hong Kong Branch, Yonxi Securities Ltd., CCB International Capital Ltd., Yango International Financial Holdings Ltd., Guotai Junan Securities (Hong Kong) Ltd. and China Everbright Securities (HK) Ltd.
The listing for the notes on the Singapore Exchange is expected to become effective Aug. 5.
Yango (Cayman) Investment Ltd. is a subsidiary of Fujian Yango Group Co. Ltd., a real estate development business located in Fujian, China.
| Issuer: | Yango (Cayman) Investment Ltd.
|
| Issue: | Guaranteed senior notes
|
| Amount: | $250 million
|
| Maturity: | Jan. 4, 2024
|
| Bookrunners: | UBS AG Hong Kong Branch, Yonxi Securities Ltd., CCB International Capital Ltd., Yango International Financial Holdings Ltd., Guotai Junan Securities (Hong Kong) Ltd. and China Everbright Securities (HK) Ltd.
|
| Coupon: | 12½%
|
| Issue date: | Aug. 4
|
| Listing date: | Aug. 5
|
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