Yangtze delta developer issues US$350m in senior notes

Mainland property developer Future Land Development has issued US$350 million in senior notes, with the funds to be used to repay debt and acquire land for residential and commercial development, the company announced on Wednesday morning.

The notes, due 2019, have an interest rate of 10.25 per cent. The company focuses on the building of residential properties in the Yangtze River Delta area.