By Marisa Wong
Morgantown, W.Va., Sept. 1 – Powerlong Real Estate Holdings Ltd. said its wholly owned subsidiary, Shanghai Powerlong Industrial Development Co., Ltd., issued RMB 1 billion of 6.8% three-year notes at par on Aug. 29.
China Everbright Bank Co. Ltd. is the bookrunner and lead underwriter for this first tranche of medium-term notes for 2017.
The company had previously registered to issue up to RMB 3 billion of medium-term notes.
Powerlong is a Hong Kong-based real estate company.
| Issuer: | Shanghai Powerlong Industrial Development Co., Ltd.
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| Issue: | Medium-term notes, 2017 first tranche
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| Amount: | RMB 1 billion
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| Maturity: | Aug. 30, 2020
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| Bookrunner: | China Everbright Bank Co. Ltd.
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| Coupon: | 6.8%
|
| Price: | Par
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| Yield: | 6.8%
|
| Settlement date: | Aug. 29
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