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Hong Kong’s Powerlong Real Estate plans to offer senior notes
By Wendy Van Sickle
Columbus, Ohio, July 11 – Powerlong Real Estate Holdings Ltd. said it plans to conduct an international offering of senior notes to professional investors.
Bank of America Merrill Lynch, CICC HK Securities, Guotai Junan International, Huatai Financial Holdings (Hong Kong) Ltd. and UBS are the joint lead managers and joint bookrunners for the Regulation S offering.
Proceeds will be used to refinance existing debt.
Completion of the proposed offering is subject to market conditions and investor interest, the company said.
The real estate company is based in Hong Kong.
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