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Prospect News home > News index > List of issuers Tenders > Headlines for 2014 > News item
Published on 9/11/2014 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Hong Kong’s Powerlong calls $200 million 13¾% notes at 103.4375

By Susanna Moon

Chicago, Sept. 11 – Powerlong Real Estate Holdings Ltd. said it called its $200 million of outstanding 13¾% senior notes due 2015 Thursday.

The company will redeem the notes at 103.4375% of par plus accrued interest to but excluding the redemption date of Oct. 11, according to a company notice.

The company said it will fund the redemption with proceeds from the issue of 10¾% senior notes due 2017.

Powerlong is a real estate company based in Hong Kong.


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