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China’s Future Land eyes dollar-denominated notes offering
By Wendy Van Sickle
Columbus, Ohio, April 2 – Future Land Development Holdings Ltd. plans to price an offering of U.S. dollar-denominated senior notes subject to market conditions, according to a news release.
UBS AG Hong Kong Branch, Merrill Lynch (Asia Pacific) Ltd., Credit Suisse (Hong Kong) Ltd., Morgan Stanley & Co. International plc, Deutsche Bank AG, Singapore Branch, Haitong International Securities Co. Ltd., Huatai Financial Holdings (Hong Kong) Ltd., Bank of East Asia, Ltd., Hongkong and Shanghai Banking Corp. Ltd. and Future Land Resources Securities Ltd. will be the joint global coordinators and joint bookrunners for the proposed Regulation S issue.
The notes will be guaranteed by subsidiary guarantors, with the proceeds used to repay existing debt and for general corporate purposes.
Future Land is a Hong Kong-based real estate operator and developer.
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