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Future Land expects to net US$294M from planned US$300M issuance of senior notes

Future Land Development Holdings Ltd. is anticipating approximately US$294 million in net proceeds from its proposed issuance of US$300.0 million in 6.5% senior notes due Sept. 12, 2020.

The expected amount will be used by the property company to repay certain debts and for general corporate expenditures.

The notes, intended to be listed on the Singapore stock exchange, will be offered at a price equal to 99.082% of their principal amount.

Deutsche Bank AG's Singapore branch, UBS AG's Hong Kong branch, Credit Suisse (Hong Kong) Ltd., Merrill Lynch (Asia Pacific) Ltd., Huatai Financial Holdings (Hong Kong) Ltd. and Future Land Resources Securities Ltd. are the joint global coordinators and joint book runners of the offering.