By William Gullotti
Buffalo, N.Y., May 17 – Jiayuan International Group Ltd. sold $130 million of 11% senior notes due 2024 (B3), according to a notice.
Listing of the Regulation S notes on the Stock Exchange of Hong Kong Ltd. is expected to take effect Tuesday, May 18.
Proceeds, according to Moody’s Investors Service, will be used to refinance debt.
Jiayuan International is a property developer based in Hong Kong.
| Issuer: | Jiayuan International Group Ltd.
|
| Issue: | Senior notes
|
| Amount: | $130 million
|
| Maturity: | 2024
|
| Coupon: | 11%
|
| Pricing date: | May 11
|
| Listing date: | May 18
|
| Rating: | Moody’s: B3
|
| Distribution: | Regulation S
|
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