Franshion Properties announces offering of guaranteed notes

New York, Oct. 18 - Franshion Properties (China) Ltd. said it plans to sell guaranteed notes.

Royal Bank of Scotland plc, Deutsche Bank AG, Singapore Branch, JP Morgan Securities plc and Standard Chartered Bank will be joint lead managers for the Regulation S offering.

Proceeds will be used to refinance debt, for working capital and for general corporate purposes.

The notes will be issued through the company's Franshion Investment Ltd. subsidiary.

Franshion is a Hong Kong-based real estate company.

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