Hong Kong’s Powerlong plans $100 million tap of 5.95% senior notes due 2025

By Cady Vishniac

Detroit, Dec. 18 – Powerlong Real Estate Holdings Ltd. plans to tap its 5.95% senior notes due 2025 for $100 million to fund a tender offer for its outstanding $300 million of 9 1/8% notes due Jan. 14, 2021, according to an announcement.

The newly issued notes will be consolidated and form a single series with the company’s original issue of $200 million of notes issued Oct. 30.

The real estate company is based in Hong Kong.

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