By Christine Van Dusen
Atlanta, Jan. 29 – HNA Group Co. Ltd. priced a $35 million add-on to its 8 1/8% notes due Dec. 3, 2018 at 99.5 to yield 8.32% on Friday, a market source said.
The pricing matched talk, set at 99.5.
Guotai Junan International and VTB Capital were the bookrunners for the Regulation S deal.
The proceeds will be used for working capital and for general corporate purposes.
The issuer is a Haikou City, China-based business conglomerate that focuses on airport services, air transportation, real estate, hotel and catering, travel services, commercial retail, logistics and transportation, financial services and network information technology businesses.
| Issuer: | HNA Group Co. Ltd.
|
| Amount: | $35 million
|
| Maturity: | Dec. 3, 2018
|
| Description: | Senior notes
|
| Bookrunners: | Guotai Junan International, VTB Capital
|
| Coupon: | 8 1/8%
|
| Price: | 99.5
|
| Yield: | 8.32%
|
| Trade date: | Jan. 29
|
| Settlement date: | Feb. 4
|
| Distribution: | Regulation S
|
| Price talk: | 99.5
|
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