Hong Kong's Lai Fung plans to sell up to $200 million in notes

By Reshmi Basu

New York, March 26 - Lai Fung Holding plans to sell up to $200 million of fixed-rate senior notes (B1/B+), according to a statement filed by the company

Proceeds from the sale will be used towards the acquisition of land and property projects, for project development, for property improvements and for general working capital purposes.

Deutsche Bank and HSBC have been mandated as joint bookrunners for the deal.

The Hong Kong-based issuer is involved in the development of properties and investment in service apartments, commercial and office building in China.

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