Health and Happiness says new notes will have at least 13˝% coupon

Chicago, June 5 – Health and Happiness (H&H) International Holdings Ltd., as promised, announced the minimum coupon on a series of notes that will be subject to a sale for cash and part of an exchange offer.

The minimum coupon will be 13˝%.

The actual interest rate will be announced around June 12.

As reported earlier, the notes are related to a liability management exercise for the company’s 5 5/8% notes due 2024, and part of that exercise includes an exchange offer for existing noteholders for the new notes.

Deutsche Bank AG, Hong Kong Branch, Goldman Sachs (Asia) LLC and Hongkong and Shanghai Banking Corp. Ltd. are the joint global coordinators, joint lead managers and joint bookrunners for the Regulation S series.

Mashreqbank psc joins as a joint lead manager and joint bookrunners.

China Citic Bank International Ltd., Industrial Bank Co., Ltd. Hong Kong Branch, Cooperatieve Rabobank UA, Hong Kong Branch and Standard Chartered Bank are the co-managers.

The health supplements and child health company is based in Hong Kong.

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