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Published on 10/5/2021 in the Prospect News Emerging Markets Daily.

New Issue: China’s Powerlong Real Estate sells $100 million 5% notes due 2022

By William Gullotti

Buffalo, N.Y., Oct. 5 – Powerlong Real Estate Holdings Ltd. priced $100 million of 5% one-year senior notes, according to a listing notice on Tuesday.

Haitong International Securities Co., Ltd. is the lead manager and bookrunner for the offering.

The notes are expected to be listed on the Singapore Exchange effective Oct. 6.

The real estate company is based in Hong Kong.

Issuer:Powerlong Real Estate Holdings Ltd.
Issue:Senior notes
Amount:$100 million
Maturity:Oct. 3, 2022
Bookrunner:Haitong International Securities Co., Ltd.
Coupon:5%
Issue date:Oct. 5
Listing date:Oct. 6

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