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Conyers advises China Aoyuan Property Group Limited on issuance of US$250 million 6.525% Senior Notes due 2019

April 2016 Paul Lim Rowan Wu

Conyers Dill & Pearman provided BVI and Cayman Islands law advice to China Aoyuan Property Group Limited in connection with the issue of US$250 million 6.525% Senior Notes due 2019 secured by charges over its BVI subsidiaries under an existing intercreditor agreement.

Although the offering was made when PRC companies were queuing to issue Panda Bonds instead of US high yield bonds, China Aoyuan Property Group Limited established a new benchmark for a PRC company with a single B rating with the issue of its bonds at a coupon rate of 6.525%.

China Aoyuan Property Group Limited or Aoyuan Property is one of the largest-scale property developer headquartered in Guangzhou, Guangdong, China and in Hong Kong.

Paul Lim and Rowan Wu of Conyers’ Hong Kong office, advised on the matter working alongside Linklaters, ETR Law, Davis Polk & Wardwell and Haiwen & Partners.

 


Paul Lim
Partner

Hong Kong   +852 2842 9551

Mobile   +852 6469 3368


Rowan Wu
Legal Manager

Hong Kong   +852 2842 9554

Mobile   +852 6469 3386


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Deals & Transactions

Conyers advises China Aoyuan Property Group Limited on issuance of US$250 million 6.525% Senior Notes due 2019

25 April 2016 Paul Lim Rowan Wu

Conyers Dill & Pearman provided BVI and Cayman Islands law advice to China Aoyuan Property Group Limited in connection with the issue of US$250 million 6.525% Senior Notes due 2019 secured by charges over its BVI subsidiaries under an existing intercreditor agreement.

Although the offering was made when PRC companies were queuing to issue Panda Bonds instead of US high yield bonds, China Aoyuan Property Group Limited established a new benchmark for a PRC company with a single B rating with the issue of its bonds at a coupon rate of 6.525%.

China Aoyuan Property Group Limited or Aoyuan Property is one of the largest-scale property developer headquartered in Guangzhou, Guangdong, China and in Hong Kong.

Paul Lim and Rowan Wu of Conyers’ Hong Kong office, advised on the matter working alongside Linklaters, ETR Law, Davis Polk & Wardwell and Haiwen & Partners.

 


Paul Lim
Partner

Hong Kong   +852 2842 9551

Mobile   +852 6469 3368


Rowan Wu
Legal Manager

Hong Kong   +852 2842 9554

Mobile   +852 6469 3386