HNA Group Co. (HNAGRZ) sold 800 million yuan ($127 million) of three-year Dim Sum bonds, according to a person familiar with the matter.
The yuan-denominated bonds sold in Hong Kong are priced to yield 7.5 percent, said the person, who asked not to be identified because the details are private.
A spokesman at HNA, who declined to be identified citing company policy, was not immediately able to comment when contacted by phone today at the air transportation company’s offices in the southern Chinese island of Hainan.
The notes were sold through unit HNA Group International Headquarter Hong Kong Co., the person said. Royal Bank of Scotland Group Plc, Agricultural Bank of China Ltd., Wing Lung Bank and Industrial & Commercial Bank of China (601398) Asia Ltd. managed the sale, the person said.
HNA has interests in 13 airline companies, according to marketing materials. It has 4.2 billion yuan of debt outstanding, data compiled by Bloomberg show.
To contact the reporter on this story: Rachel Evans in Hong Kong at firstname.lastname@example.org