Universe Trek Limited ‘s $250 Million Convertible Bonds Offering

Maples advised Universe Trek Limited on the offering.

Universe Trek Limited executed a US$250 million offering zero coupon guaranteed convertible bonds due 2026, which closed on 15 June 2021.  The bonds are convertible into shares of, and guaranteed by, Far East Horizon Limited, and are listed on The Stock Exchange of Hong Kong Limited.

The Maples team was led by partner Derrick Kan (Picture) and associate Ray Tso.

The Issuer and the Guarantor were also represented by Baker & McKenzie as to English law.  The managers, CICC, CMB International, UBS and DBS, were represented by Clifford Chance as to English law, and by Tian Yuan Law Firm as to PRC law.

Involved fees earner: Derrick Kan – Maples and Calder; Ray Tso – Maples and Calder;

Law Firms: Maples and Calder;

Clients: Universe Trek Limited;

Author: Sonia Carcano