Published on 7/12/2017 in the Prospect News Emerging Markets Daily.
New Issue: China’s Powerlong sells $200 million 5.95% three-year notes at 99.191
By Wendy Van Sickle
Columbus, Ohio, July 12 – Powerlong Real Estate Holdings Ltd. said it priced $200 million 5.95% three-year notes at 99.191 on Friday.
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.
The real estate company is based in Hong Kong.
| Issuer: | Powerlong Real Estate Holdings Ltd.
|
| Issue: | Senior notes
|
| Amount: | $200 million
|
| Maturity: | July 19, 2020
|
| Bookrunners: | Bank of America Merrill Lynch, CICC HK Securities, Guotai Junan International, Huatai Financial Holdings (Hong Kong) Ltd. and UBS
|
| Coupon: | 5.95%
|
| Price: | 99.191
|
| Call option: | At any time, in whole at par plus applicable premium or 35% equity clawback at 105.95
|
| Pricing date: | July 12
|
| Distribution: | Regulation S
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
