By Christine Van Dusen
Atlanta, Sept. 4 – China’s 361 Degrees International Ltd. priced RMB 1.5 billion 7½% notes due Sept. 12, 2017 at 99.472 to yield 7.7% on Thursday, a market source said.
BofA Merrill Lynch, CLSA and ING were the bookrunners for the Regulation S deal.
The proceeds will be used to refinance debt and for general working capital purposes.
361 Degrees is a sportswear company based in Xiamen City, China.
| Issuer: | 361 Degrees International Ltd.
|
| Amount: | RMB 1.5 billion
|
| Maturity: | Sept. 12, 2017
|
| Description: | Senior notes
|
| Bookrunners: | BofA Merrill Lynch, CLSA, ING
|
| Coupon: | 7½%
|
| Price: | 99.472
|
| Yield: | 7.7%
|
| Trade date: | Sept. 4
|
| Settlement date: | Sept. 12
|
| Distribution: | Regulation S
|
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