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Published on 2/6/2020 in the Prospect News Emerging Markets Daily.

New Issue: China’s Jiayuan sells additional $60 million 13¾% notes due 2023

Chicago, Feb. 6 – Jiayuan International Group Ltd. sold an additional $60 million 13¾% senior notes due 2023, according to a notice.

The new notes will be consolidated to form a single series with the original $225 million of 13¾% notes that priced in October 2019, the $37.5 million add-on that was issued on Dec. 3, 2019 and the $30 million of notes issued on Jan. 21. Listing of the Regulation S notes on the Stock Exchange of Hong Kong Ltd. is expected to take effect Friday.

Jiayuan International is a property developer based in Hong Kong.

Issuer:Jiayuan International Group Ltd.
Issue:Senior notes add-on
Amount:$60 million
Maturity:2023
Coupon:13¾%
Announcement date:Feb. 6
Listing date:Feb. 7
Distribution:Regulation S
Total issuance:$352.5 million
Previous issues:$225 million priced in October 2019, $37.5 million add-on priced in December 2019, $30 million priced in January

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