China’s Prosperity International plans HK$200 million of 6½% notes

By Susanna Moon

Chicago, Jan. 18 – Prosperity International Holdings (H.K.) Ltd. said it plans to price HK$200 million of 6½% notes at par.

The notes will be callable at par plus accrued interest up to the redemption date, according to a company announcement.

Proceeds will be used for partial repayment of the group’s existing loans, for the development, improvement or expansion of the group’s business and for general working capital.

Prosperity International Holdings is a Hong Kong-based company engaged in the mining and trading of iron ore.

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