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.

J.P. Morgan acted as sole global coordinator and physical bookrunner for Shandong Ruyi Group.

Shandong Ruyi Technology Group Co. Ltd, founded in 1972 and listed on the Shenzhen Stock Exchange, is one of the largest textile manufacturers in China and ranks among the Top 100 Chinese multi-national enterprises. Headquartered in Jining, Shandong,Shandong Ruyi Group operates 13 domestic industrial parks and boasts some of the largest production lines and advanced technology in China. Shandong Ruyi Group also has a significant distribution and point of sales (POS) network that services a global customer base spread across 6 different continents. In Asia Pacific alone, the group operates over 3,000 POS. Shandong Ruyi Group has over 20 subsidiaries, with two listed subsidiaries in China and Japan respectively.