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Longfor unit prices 3rd tranche bonds


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Longfor unit prices 3rd tranche bonds

'sunit priced the two-type, thirdtranche of its 11.8 billion-Chinese-yuan bond issue.

ChongqingLonghu Development Co. Ltd. will issue up to 3.7 billion yuan of third-tranchebonds, comprising an initial principal amount of 2.0 billion yuan and anoverallotment of 1.7 billion yuan.

Basedon bookbuilding results, the issuer and the co-lead underwriter determined tofix the coupon rate for the five-year bonds at 3.06% and 3.68% for theseven-year bonds.

As of July 13, US$1 wasequivalent to 6.69 Chinese yuan.