New Issue: China’s Powerlong sells $200 million 9 1/8% two-year notes at 99.331

By Wendy Van Sickle

Columbus, Ohio, Jan. 7 – Powerlong Real Estate Holdings Ltd. said it priced $200 million 9 1/8% two-year notes at 99.331 on Monday.

Guotai Junan International, Haitong International 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:	Jan. 14, 2021
Bookrunners:	Guotai Junan International, Haitong International and UBS
Coupon:	9 1/8%
Price:	99.331
Call option:	At any time, in whole at par plus applicable premium or 35% equity clawback at 109.125
Pricing date:	Jan. 7
Issue date:	Jan. 14
Distribution:	Regulation S

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