Published on 12/18/2019 in the Prospect News Emerging Markets Daily.
New Issue: China’s Yincheng prices $100 million 12½% one-year senior notes
By Wendy Van Sickle
Columbus, Ohio, Dec. 18 – Yincheng International Holding Co., Ltd. entered into a placing agreement to sell $100 million of 12½% senior notes due 2020 at par on Wednesday, according to a notice.
Guotai Junan International, China Investment Securities International, Vision Capital International Holdings Ltd., BOC International and Central Wealth Securities Investment Ltd. are the placement agents.
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
|
| Amount: | $100 million
|
| Maturity: | Dec. 21, 2020
|
| Price: | Par
|
| Agents: | Guotai Junan International, China Investment Securities International, Vision Capital International Holdings Ltd., BOC International and Central Wealth Securities Investment Ltd.
|
| Coupon: | 12½%
|
| Settlement date: | Dec. 23
|
|
|
© 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.
