Jiayuan increases tender cap as new note prices

increase volumes graph profit fotolia
By Addison Gong
08 Jul 2019

Hong Kong-listed Jiayuan International Group has wrapped up an exchange-plus-new money offering worth $225m.

The Chinese homebuilder priced a $225m deal with a two year and eight month tenor at 13.75% and at par on Friday evening, in line with the minimum coupon rate announced on June 28. Of the $225m, $174.76m was to fund an exchange offer of its $400m 12% ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial