4th successful transaction between Admiralty Harbour and Yango
On 8 July 2020, as a Joint Bookrunner and Joint Lead Manager, Admiralty Harbour assisted Yango Group Co., Ltd. (000671.SZ) to have successfully priced another US$300m 3.75NCNP2.5 7.5% Senior Notes. This transaction marks the first issue of Yango since Lianhe Global upgraded its global scale Long-term Issuer Credit Rating to ‘BB’ from ‘BB-’. The transaction received overwhelming demand from diversified quality accounts. Orderbook exceeded US$2.2 billion at FPG, which is 50bps tightening from the IPG. Standing at the fourth successful transaction with our repeated client, we look forward to splendid landmark deals in future. Congratulations to Yango!