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Published on 9/24/2019 in the Prospect News Emerging Markets Daily.

New Issue: China’s Yango prices $152 million 12½% guaranteed notes due 2021

Chicago, Sept. 24 – Yango (Cayman) Investment Ltd. has priced $152 million 12½% guaranteed senior notes due 2021, according to a listing notice.

The notes were sold via lead managers and bookrunners Haitong International Securities Co. Ltd., UBS AG Hong Kong Branch and Orient Securities (Hong Kong) Ltd.

The real-estate development investment company is based in Fujian, China.

Issuer:Yango (Cayman) Investment Ltd.
Issue:Guaranteed senior notes
Amount:$152 million
Maturity:2021
Bookrunners:Haitong International Securities Co. Ltd., UBS AG Hong Kong Branch and Orient Securities (Hong Kong) Ltd.
Coupon:12½%
Listing date:Sept. 25

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