Hong Kong-listed Logan Property Holdings Co. Ltd. plans to issue an additional US$50 million of 5.75% senior notes due 2022 as a follow-on to its US$200 million offering of 5.75% senior notes.

The additional notes will mature Jan. 3, 2022, and will carry the same principal terms as the original notes. The company will issue the notes Jan. 9, 2019.

The multifamily-focused development company plans to use the net proceeds to refinance its existing indebtedness.