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Zhong Lun Advises VANKE on its 1st issuing of USD800,000,000 Guaranteed Bonds in Hong Kong
Zhong Lun Advises VANKE on its 1st issuing of USD800,000,000 Guaranteed Bonds in Hong Kong
On March 13, 2013, China Vanke Co., Ltd., through its wholly-owned offshore subsidiary, Bestgain Real Estate Limited (the “Issuer"), successfully completed its 1st issue of the USD800,000,000 2.625 per cent. guaranteed bonds due 2018 (the “Bonds") in Hong Kong, the issuing price being 99.397 per cent. The Bonds were listed on the HKEx on Mar 14, 2013 and were unconditionally and irrevocably guaranteed by Vanke Real Estate (Hong Kong) Company Limited, a wholly-owned subsidiary of China Vanke Co., Ltd. The issuing of the Bonds was oversubscribed. HSBC acted as the Sole Global Coordinator, and the Joint Lead Managers include HSBC, Deutsche Bank, Bank of China (Hong Kong) Limited, DBS Bank Ltd., UBS, and J.P. Morgan.
Lai Jihong and Chen Limin, our partners based in Zhong Lun’s Shenzhen office, led a team consisting of Yang Hui, Chen Jingeng, Ou Dieying, Yuan Xinyua, Gu Xiaoqian, Mei Chen, Liu Hongting and Zhou Jianghao acting as the legal counsel to the Issuer as to PRC law on its issuance of the Bonds.
