Second senior notes issue for PRC property developer

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    PRC property developer, Shui On Development, has issued Rmb3.5 billion (US$531 million) four-year Rmb-denominated US-dollar settled senior notes. The issue's…

    PRC property developer, Shui On Development, has issued Rmb3.5 billion (US$531 million) four-year Rmb-denominated US-dollar settled senior notes. The issue's parent guarantor is Shui On Land Limited.

    The net proceeds will amount to US$520 million and will be used to expand Shui On Development's real estate operations.

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