By Rebecca Melvin
New York, Dec. 20 – China’s Jiayuan International Group Ltd. priced a $25 million add-on to its 12% senior secured notes due 2020, to be consolidated with the $375 million of 12% notes due 2020 that already exist, according to a notice.
The notes, representing the issue’s third add-on, are guaranteed by subsidiaries Jiayuan Investment Management Ltd., Guo Xiang Property Co., Ltd. and Hong Kong Jia Yuan Holdings Ltd.
The original issue was issued on Oct. 22, a $70 million add-on was priced on Nov. 12 and an $80 million add-on was priced on Dec. 6.
Jiayuan International is a property developer based in Hong Kong.
| Issuer: | Jiayuan International Group Ltd.
|
| Guarantors: | Jiayuan Investment Management Ltd., Guo Xiang Property Co., Ltd. and Hong Kong Jia Yuan Holdings Ltd.
|
| Issue: | Senior secured notes add-on
|
| Amount: | $25 million
|
| Maturity: | 2020
|
| Bookrunners: | Guotai Junan International, Haitong, and China Citic Bank International
|
| Coupon: | 12%
|
| Pricing date: | Dec. 20
|
| Total issuance: | $400 million, including $375 million priced previously
|
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