Hong Kong’s Powerlong Real Estate eyes offering of senior notes

By Wendy Van Sickle

Columbus, Ohio, April 9 – Powerlong Real Estate Holdings Ltd. said it plans to conduct an international offering of senior notes to professional investors.

Bank of America Merrill Lynch, Credit Suisse, Guotai Junan International, Industrial Bank Co., Ltd. Hong Kong Branch and UBS are the joint lead managers and joint bookrunners for the Regulation S offering.

Proceeds will be used to refinance existing debt and for general corporate purposes.

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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