By Sarah Lizee
Olympia, Wash., July 11 – Jiayuan International Group Ltd. priced $225 million of 13¾% senior notes due 2022, according to a listing notice with the Stock Exchange of Hong Kong Ltd.
Guotai Junan International and Morgan Fuel Go Securities Ltd. are the joint lead managers and joint bookrunners, with Guotai Junan the global coordinator.
A portion of the notes will be used in exchange for a portion of the outstanding $400 million 12% senior notes due 2020, as previously reported.
The new notes are guaranteed by Jiayuan Investment Management Ltd., Guo Xiang Property Co., Ltd. and Hong Kong Jia Yuan Holdings Ltd.
Jiayuan International is a property developer based in Hong Kong.
| Issuer: | Jiayuan International Group Ltd.
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| Guarantors: | Jiayuan Investment Management Ltd., Guo Xiang Property Co., Ltd. and Hong Kong Jia Yuan Holdings Ltd.
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| Issue: | Senior notes
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| Amount: | $225 million
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| Maturity: | 2022
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| Bookrunners: | Guotai Junan International and Morgan Fuel Go Securities Ltd.
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| Coupon: | 13¾%
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| Pricing date: | July 5
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| Listing date: | July 12
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