Chicago, Sept. 17 – Yincheng International Holding Co., Ltd. sold $110 million of 12½% one-year senior notes, according to a notice.
The notes priced at 98.872.
The notes can be optionally redeemed at any time at par plus an applicable premium and unpaid interest.
Guotai Junan International, CMB International and Haitong International are the joint global coordinators, joint bookrunners and joint lead managers.
Also serving as joint bookrunners and joint lead managers are Admiralty Harbour, Central Wealth Securities Investment Ltd., Shenwan Hongyuan (H.K.) and CRIC Securities.
Proceeds will be used to refinance certain existing debt and for general corporate purposes.
The Nanjing, China-based company offers development and sale of residential and commercial properties, leasing of investment properties and other real estate services.
| Issuer: | Yincheng International Holding Co., Ltd.
|
| Issue: | Senior notes
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| Amount: | $110 million
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| Maturity: | Sept. 20, 2022
|
| Bookrunners: | Guotai Junan International, CMB International, Haitong International, Admiralty Harbour, Central Wealth Securities Investment Ltd., Shenwan Hongyuan (H.K.) and CRIC Securities
|
| Coupon: | 12½%
|
| Price: | 98.872
|
| Call features: | At any time at par plus premium plus accrued interest
|
| Equity clawback: | Up to 35% at 112.5
|
| Trade date: | Sept. 17
|
| Settlement date: | Sept. 21
|
| Distribution: | Regulation S
|
| ISIN: | XS2386944859
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