DEALS
Zhong Lun Advises Sun Hung Kai & Co. (BVI) Limited on MTN Program and Note Issuance in Hong Kong
Zhong Lun Advises Sun Hung Kai & Co. (BVI) Limited on MTN Program and Note Issuance in Hong Kong
On June 13, 2012, Sun Hung Kai & Co. (BVI) Limited successfully set up the medium term note program, unconditionally and irrevocably guaranteed by Sun Hung Kai & Co. Limited, in an aggregate principal amount of USD 2 billion in Hong Kong. On September 26, 2012, Sun Hung Kai & Co. (BVI) Limited successfully issued USD350 million note under the aforesaid medium term note program, with the interest rate at 6.375% and due in 2017.
Zhong Lun Law Firm was the only PRC firm involved in the issuance of the bond and acted as the PRC counsel for both the Issuer and the Arranger and Dealers on the issuance of the note. Professionals involved including partners Anthony Qiao and Michael Chen, and associate Sabrina Zou. Standard Chartered Bank and UBS acted as the Arrangers and the Dealers, Standard Chartered Bank, UBS and Sun Hung Kai Investment Services Limited acted as the Managers.
Sun Hung Kai & Co. (BVI) Limited was incorporated in BVI, and Sun Hung Kai & Co. Limited was incorporated in Hong Kong, with the main business of Wealth Management and Brokerage, Capital Markets, Consumer Finance and Principal Investments. It is especially noteworthy that this deal is the first NBFI to issue USD bond in HK.
Professionals
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Anthony QIAO
Equity Partner
ShanghaiPractices： Chinese Mainland Capital Markets,Hong Kong & Overseas Capital Markets,Financial Products & TrustsIndustries： Real Estate,Urban Infrastructure,Transportation & Logistics,Tourism & Hospitality,Energy & Power,Insurance,Healthcare -
Anthony QIAO
Equity Partner
Shanghai
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