Hong Kong's Powerlong Real Estate to offer notes via four banks

By Marisa Wong

Madison, Wis., Jan. 21 - Powerlong Real Estate Holdings Ltd. said it plans to conduct an international offering of fixed-rate senior notes to professional investors.

Deutsche Bank AG, Hong Kong Branch, Hongkong and Shanghai Banking Corp. Ltd., Royal Bank of Scotland plc and UBS AG, Hong Kong Branch are the joint lead managers and joint bookrunners for the Regulation S offering.

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

The real estate company is based in Hong Kong.

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