By Taylor Fox
New York, Jan. 22 – Wuhan Dangdai Science & Technology Industries (Group) Ltd. subsidiary Dangdai International Investments Ltd. sold $80 million 9% guaranteed senior notes due 2022, according to a notice.
The notes are guaranteed by the parent.
CLSA is the sole global coordinator, joint bookrunner and joint lead manager, and CMBC Capital, China Securities International and Valuable Capital Ltd. are joint bookrunners and joint lead managers.
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: | $80 million
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| Maturity: | 2022
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| Bookrunners: | CLSA, CMBC Capital, China Securities International and Valuable Capital Ltd.
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| Coupon: | 9%
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| Issue date: | Jan. 22
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| Listing date: | Jan. 25
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