New Issue: China’s Yincheng International prices $200 million 12% one-year notes

By Marisa Wong

Los Angeles, Oct. 29 – Yincheng International Holding Co., Ltd. announced it priced $200 million of 12% one-year notes at 98.98.

Guotai Junan International, Haitong International Securities Co. Ltd., Central Wealth Securities Investment Ltd., CMBC Capital, ICBC International, Admiralty Harbour, China International Capital Corp., CRIC Securities, China Citic Bank International and Vision Capital International Holdings Ltd. are joint bookrunners and joint lead managers for the Regulation S issue.

The notes are guaranteed by the company’s subsidiaries.

Proceeds will be used to refinance existing debt.

The residential property company is based in Nanjing, China.

Issuer:	Yincheng International Holding Co., Ltd.
Issue:	Notes
Amount:	$200 million
Maturity:	Nov. 3, 2021
Bookrunners:	Guotai Junan International, Haitong International Securities Co. Ltd., Central Wealth Securities Investment Ltd., CMBC Capital, ICBC International, Admiralty Harbour, China International Capital Corp., CRIC Securities, China Citic Bank International and Vision Capital International Holdings Ltd.
Coupon:	12%
Price:	98.98
Call option:	In whole at any time at make-whole price
Equity clawback:	Up to 35% at 112
Pricing date:	Oct. 28
Settlement date:	Nov. 4
Distribution:	Regulation S

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