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On May 18 the Luxembourg Stock Exchange (LuxSE) listed and admitted to trading a high-yield bond issued by BiSoho S.A.S, a wholly-owned subsidiary of Shangdong Ruyi Group, a global leader in the fully integrated textiles and fashion business. This listing on the Euro MTF market of the LuxSE further confirms the attractiveness of Luxembourg for Chinese corporates to finance acquisitions in Europe through high yield bonds.
With a total issue amount of EUR 471 million, the bond issue is made up of two separate notes:
- EUR 100 million senior secured floating notes, due in 2022, paying an annual rate equal to three month EURIBOR plus 6.000% reset quarterly.
- EUR 371 million senior secured fixed rate notes, due in 2023, paying 5.850% semi-annually...
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