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Hong Kong’s Future Land calls all $350 million 10¼% notes due 2019
By Marisa Wong
Morgantown, W.Va., Feb. 17 – Future Land Development Holdings Ltd. said it plans to redeem its 10¼% senior notes due 2019 in full on March 20.
The notes will be redeemed at par plus an applicable premium and accrued interest to the redemption date.
As of Feb. 17, there is $350 million principal amount of the notes outstanding.
The company said it will use internal funds to pay for the redemption.
Future Land is a Hong Kong-based real estate operator and developer.
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