Hong Long Holdings selects Citigroup to bring new dollar-dominated bond issue

By Aaron Hochman-Zimmerman

New York, July 23 - Hong Long Holdings Ltd. announced it plans to sell dollar-dominated senior notes through Citigroup, according to a press release.

The size and terms of the offer are still under consideration.

The deal will move forward following a roadshow "should market conditions permit," according to the press release.

Access Achievement Ltd., a wholly owned subsidiary, will guarantee the issue.

The Hong Kong-based land developer expects to use the proceeds for the acquisition and development of property projects and to repay a portion of its debt, including a loan from Lehman Brothers, which is also acting as a joint manager for the bond issuance.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.