New Issue: Powerlong Real Estate sells $200 million 4.9% notes due 2026 at 99.127

By Wendy Van Sickle

Columbus, Ohio, May 6 – Powerlong Real Estate Holdings Ltd. priced $200 million of 4.9% senior notes due May 13, 2026 at 99.127 (B2/B+), according to an announcement with the Stock Exchange of Hong Kong Ltd.

The new notes will be listed on Friday.

BofA Securities, China Citic Bank International, Citigroup, Credit Suisse, Deutsche Bank, Guotai Junan International, Haitong International, HSBC, Huatai International, UBS, Central Wealth Securities Investment Ltd. and Bank of East Asia, Ltd. are the bookrunners for the Regulation S deal.

Proceeds will be used to refinance debt that will become due within one year.

The real estate company is based in Hong Kong.

Issuer:	Powerlong Real Estate Holdings Ltd.
Issue:	Senior notes
Amount:	$200 million
Maturity:	May13, 2026
Bookrunners:	BofA Securities, China Citic Bank International, Citigroup, Credit Suisse, Deutsche Bank, Guotai Junan International, Haitong International, HSBC, Huatai International, UBS, Central Wealth Securities Investment Ltd. and Bank of East Asia, Ltd.
Coupon:	4.9%
Price:	99.127
Call:	Make-whole call until May 13, 2024, then callable at 102.45 until May 13, 2025, then at 101.225
Pricing date:	May 6
Issue date:	May 13
Ratings:	Moody’s: B2
	S&P: B+
Distribution:	Regulation S

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