New Issue: Yankuang sells $500 million add-on to 6% bonds due 2022 at 101.23

By Wendy Van Sickle

Columbus, Ohio, July 5 – China’s Yankuang Group (Cayman) Ltd. sold an additional $500 million of three-year 6% bonds guaranteed by Yankuang Group Co. Ltd. at 101.23 plus 107 days’ accrued interest, according to a listing notice with the Stock Exchange of Hong Kong Ltd.

The notes will be consolidated and form a single series with the $215 million of the bonds issued on Jan. 30.

Goldman Sachs (Asia) LLC, Guotai Junan International, China International Capital Corp., CCB International, CEB International and China Citic Bank International were the global coordinators and were joined as bookrunners and lead managers by HeungKong Financial, Founder Securities (Hong Kong) Capital Co. Ltd. and Bocom International.

The coal mining companies are based in Shandong, China.

Issuer:	Yankuang Group (Cayman) Ltd.
Guarantor:	Yankuang Group Co. Ltd.
Issue:	Bonds
Amount:	$500 million add-on
Maturity:	2022
Coupon:	6%
Price:	101.23 plus 107 days’ accrued interest
Bookrunners:	Goldman Sachs (Asia) LLC, Guotai Junan International, China International Capital Corp., CCB International, CEB International, China Citic Bank International (global coordinators), HeungKong Financial, Founder Securities (Hong Kong) Capital Co. Ltd. and Bocom International
Original issue:	$215 million issued on Jan. 30
Listing date:	July 5

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