Zhong Lun Advises Yuexiu Property on a US$2 Billion Medium Term Note Programme
Zhong Lun Advises Yuexiu Property on a US$2 Billion Medium Term Note Programme
Zhong Lun has advised Yuexiu Property Company Limited (00123.HK) on the establishment of its US$2 billion medium term note programme and the subsequent issue of US$350 million notes due 2018 and US$500 million notes due 2023 (together, the “Notes"). The closing of the Notes issue took place on 24 January 2013.
The Zhong Lun team was led by partners Zhang Xuebing and Christie Tao, also included associates Terri Lu and Dustin Huang.
Yuexiu Property is a company listed on the Hong Kong Stock Exchange. It is one of the leading property developers in China, principally engaged in the development, sale and management of and long-term investment in residential and commercial properties. Its operations are conducted primarily in Hong Kong and mainland China, with a primary focus on the Guangzhou market. The Medium Term Note programme is a useful financing tool, through which issuers may raise funds speedily and conveniently on the debt capital markets.