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Prospect News home > News index > List of issuers P > Headlines for Powerlong Real Estate Holdings Ltd. > News item
Published on 12/24/2015 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Powerlong calls $250 million 11¼% notes due 2018 at 105.625

By Marisa Wong

Morgantown, W.Va., Dec. 24 – Hong Kong’s Powerlong Real Estate Holdings Ltd. will redeem in full its outstanding $250 million 11¼% senior notes due 2018 on Jan. 25, according to a company announcement.

The company will redeem the notes at 105.625% of par plus accrued interest to but excluding the redemption date.

The real estate company said it will fund the redemption with proceeds from the issue of 7 5/8% senior notes due 2018.


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