By Rebecca Melvin
New York, Dec. 18 – Powerlong Real Estate Holdings Ltd. priced a $100 million add-on to its 5.95% senior notes due April 30, 2025 at 101, according to an announcement.
The additional notes will be consolidated and form a single series with the existing $200 million issue, which priced in October.
Bookrunners of the Regulation S add-on were Guotai Junan International and BofA Securities.
The company intends to use the proceeds to redeem medium- to long-term debt that will become due within one year.
The real estate company is based in Hong Kong.
| Issuer: | Powerlong Real Estate Holdings Ltd.
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| Issue: | Senior notes
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| Amount: | $100 million add-on
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| Maturity: | April 30, 2025
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| Bookrunners: | Guotai Junan International and BofA Securities
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| Coupon: | 5.95%
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| Price: | 101
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| Announcement date: | Dec. 18
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| Distribution: | Regulation S
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| Total deal size: | $300 million, including $200 million priced on Oct. 30, 2020
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