Zhong Lun Advises Sun Hung Kai & Co. (BVI) Limited on Issuance of US$361.6 Million Notes in Hong Kong
Zhong Lun Advises Sun Hung Kai & Co. (BVI) Limited on Issuance of US$361.6 Million Notes in Hong Kong
In May 2016, Sun Hung Kai & Co. (BVI) Limited announced issuance of US$361.6 million 4.75% notes guaranteed by Sun Hung Kai & Co. Limited in Hong Kong, which include new notes in an aggregate principal amount of US$121.6 million to be exchanged with outstanding notes due in 2017, and additional notes in an aggregate principal amount of US$240 million under the existing US$2 billion guaranteed medium term note programme.
Zhong Lun Law Firm was the only PRC law firm involved in the notes issuance and acted as the PRC counsel of the Dealer Managers and Bookrunners. Professionals involved included partners Anthony Qiao and Michael Chen, and associates Sabrina Zou, Chi Cheng, Jenny Zheng, Edward Wu and Miranda Zhang. UBS, AMTD and J.P. Morgan acted as the Joint Global Coordinators, UBS, AMTD, J.P. Morgan and Standard Chartered Bank as the Joint Dealer Managers and Joint Bookrunners, and China Everbright Securities and SHK Financial as the Co-Managers.
Previously the team headed by Anthony Qiao of Zhong Lun also provided legal services in the US$2 billion guaranteed medium term note programme of Sun Hung Kai & Co. (BVI) Limited and the issuance of US$350 million notes thereunder.