By Wendy Van Sickle
Columbus, Ohio, April 1 – Wuhan Dangdai Science & Technology Industries (Group) Ltd. subsidiary Dangdai International Investments Ltd. sold a $49 million add-on to its 9% guaranteed senior notes due 2022, according to a notice.
The notes will be consolidated and form a single series with the $80 million of notes issued by the company on Jan. 22 and are guaranteed by the parent.
CLSA is the global coordinator, bookrunner and lead manager.
Application has been made for a listing of the notes on the Stock Exchange of Hong Kong Ltd.
Based in Wuhan, China, Dangdai is a conglomerate with a substantial medical and pharmaceutical portfolio.
| Issuer: | Dangdai International Investments Ltd.
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| Guarantor: | Wuhan Dangdai Science & Technology Industries (Group) Ltd.
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| Issue: | Guaranteed senior notes
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| Amount: | $49 million add-on
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| Original issue: | $80 million on Jan. 22
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| Maturity: | 2022
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| Bookrunner: | CLSA
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| Coupon: | 9%
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| Listing date: | April 7
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