Admiralty Harbour is a credit-focused financial services firm based in Hong Kong.
Admiralty Harbour completes US$200m bond offering for Yincheng International
Oct 2020
The first collaboration between Admiralty Harbour and Yincheng
On 28 October 2020, Yincheng International Holding Co., Ltd. (“Yincheng” or the “Company”) successfully completed a new issuance of US$200m 12.0% senior unsecured notes due 2021. Admiralty Harbour acted as Joint Bookrunner and Joint Lead Manager for the transaction. The Company weathered high market volatility caused by the upcoming US elections in this transaction, a testament to the solid investors relations Yincheng built up over the past two issuances.

The Company has a total of US$240m senior notes due in Dec 20 and June 21 combined. The successful transaction not only provides extra liquidity to support the Company’s post-COVID expansion plans, but also relieve the potential liquidity strain in 1H 2021, a great example of proper planning and execution of managing outstanding liabilities. This the first collaboration between Admiralty Harbour and Yincheng, we are glad to be chosen as a close ally of Yincheng in the international capital space. Here’s to more future success to come!