This morning, other than Powerlong, which plans to issue US$250 million 11.5% Senior Notes, Central China Real Estate Limited announced its plan to issue US$ denominated Senior Notes. China Sce Property Holdings Limited also proposed a further issue of US$ 11.5% Senior Notes Due 2017.
Central China Real Estate has appointed HSBC, JPMorgan, Morgan Stanley, and UBS as joint bookrunners and lead managers. The company plans to finance new and existing property projects, repay existing indebtedness, and general corporate purpose.
China SCE Property, meanwhile, has appointed Deutsche Bank, HSBC, and ICBC International as joint lead managers of its 11.5% Senior Notes. Proceeds will be used to finance new and existing property projects. The company is one of the leading property developers in Fujian Province, China. (Indonesia Today)