Yango, Jiayuan lay foundations for bonds
Property developers Yango Group Co and Jiayuan International Group are marketing new dollar bonds on Thursday. The former has opted for a three year, while the latter is choosing to go short with a 364-day deal.
Joint global co-ordinators AMTD, Citic CLSA Securities, DBS, Haitong International and UBS released initial price guidance for Yango’s three year Reg S trade at the 7.625% area.
The five firms are also the joint bookrunners and joint lead managers alongside China Citic Bank International, CNCB HK
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