April 10, 2018 / 3:15 PM / 6 months ago

BRIEF-Powerlong Real Estate Holdings Announces Purchase Agreement For Issue Of US$350 Mln Senior Notes Due 2021

April 10 (Reuters) - Powerlong Real Estate Holdings Ltd :

* ENTERED INTO PURCHASE AGREEMENT IN CONNECTION WITH ISSUE OF US$350 MILLION 6.95% SENIOR NOTES DUE 2021.

* ESTIMATED NET PROCEEDS ON SALE OF NOTES, AFTER DEDUCTION OF COMMISSIONS AND ESTIMATED EXPENSES, WILL BE US$342.3 MILLION Source text for Eikon: Further company coverage:

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