New Issue: China’s Yincheng International sells $165 million 11.8% one-year notes

By Taylor Fox

New York, March 12 – Yincheng International Holding Co., Ltd. announced it priced $165 million of 11.8% one-year senior notes at 98.911 on Thursday, according to a notice.

Guotai Junan International, CCB International and Haitong International are the joint global coordinators, joint bookrunners and joint lead managers, and Admiralty Harbour, ATMD, CRIC Securities, Central Wealth Securities Investment Ltd., CMBC Capital, Vision Capital International and Yonxi Securities Ltd. are the joint bookrunners and joint lead managers.

The Regulation S notes are guaranteed by the company’s subsidiaries.

Proceeds will be used to refinance existing debt and for general corporate purposes.

The residential property company is based in Nanjing, China.

Issuer:	Yincheng International Holding Co., Ltd.
Issue:	Senior notes
Amount:	$165 million
Maturity:	March 16, 2022
Bookrunners:	Guotai Junan International, CCB International, Haitong International, Admiralty Harbour, ATMD, CRIC Securities, Central Wealth Securities Investment Ltd., CMBC Capital, Vision Capital International and Yonxi Securities Ltd.
Coupon:	11.8%
Price:	98.911
Pricing date:	March 11
Settlement date:	March 17
Distribution:	Regulation S

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.