Published on 4/23/2018 in the Prospect News Emerging Markets Daily.
New Issue: China’s Future Land unit issues $300 million 6½% three-year notes
By Marisa Wong
Morgantown, W.Va., April 23 – Future Land Development Holdings Ltd. said subsidiary Future Land Holdings Co., Ltd. issued $300 million of 6½% three-year overseas notes on Monday.
Proceeds will be used to repay overseas debt and to invest in domestic projects.
Future Land is a Hong Kong-based real estate operator and developer.
Issuer: | Future Land Holdings Co., Ltd.
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Issue: | Overseas notes
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Amount: | $300 million
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Maturity: | April 23, 2021
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Coupon: | 6½%
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Settlement date: | April 23
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