China's Longfor Properties plans to issue senior notes

By Toni Weeks

San Luis Obispo, Calif., May 20 - Longfor Properties Co. Ltd. plans to conduct an offering of senior notes, the terms of which will be determined through a bookbuilding exercise conducted by joint bookrunners and joint lead managers HSBC and Morgan Stanley.

According to a press release, proceeds of the Regulation S deal will be used for general corporate purposes and refinancing a portion of existing debt.

The Beijing investment holding company manages subsidiaries that are involved in property investment, development and management in China.

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