Hong Kong-listed Logan Property Holdings Co. Ltd. plans to issue an additional US$100 million of 6.875% senior notes due 2021 in addition to the US$300 million of 6.875% senior notes it proposed earlier.
The additional notes will mature April 24, 2021, and will carry the same principal terms as the original notes. They will be issued at 98.388% of their principal amount.
The multifamily-focused developing company plans to use the net proceeds raised from the additional notes to refinance its existing indebtedness and for general corporate purposes.
Guotai Junan International, Orient Securities (Hong Kong) Ltd., Haitong International and China Industrial Securities International will be the initial purchasers of the additional notes and will also act as joint book runners and joint lead managers for the offering.
