Powerlong seals second loan of the year

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By Pan Yue
03 Jul 2020

Powerlong Real Estate Holdings has raised a new offshore borrowing of $120m-equivalent, just two months after closing a $200m loan.

Three mandated lead arrangers and bookrunners have provided the loan to the Chinese property developer. They are Bank of East Asia, China Citic Bank International and HSBC, said a banker close to the situation.

The four year loan has a tenor of 3.5 years. It is priced ...

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