Yuzhou Properties $1 Million Senior Notes Offering


Paul Hastings represented Yuzhou Properties Company on the transaction

Yuzhou Properties Company Limited, a leading PRC property developer listed on the Hong Kong Stock Exchange, executed two transactions involving issuances of senior notes.

US$500 million 8.625% senior notes due 2022. BOC International, Credit Suisse, Goldman Sachs (Asia) L.L.C., Haitong International, CICC HK Securities and Yuzhou Financial acted as the joint global coordinators, joint bookrunners and joint lead managers; and

US$500 million 8.50% senior notes due 2023. Deutsche Bank, Morgan Stanley, BOC International, Credit Suisse, Goldman Sachs (Asia) L.L.C. and Yuzhou Financial acted as the joint global coordinators, joint bookrunners and joint lead managers.

Yuzhou Properties and its subsidiaries intend to use the net proceeds of the two senior notes issuances primarily to refinance its existing indebtedness.

The Paul Hastings team was led by Corporate partner Vivian Lam (Picture) with support from associates May Lun and Jeff Lee and trainee solicitor Phoebe Chow.

Involved fees earner: Phoebe Chow – Paul Hastings; Vivian Lam – Paul Hastings; Jeff Lee – Paul Hastings; May Lun – Paul Hastings;

Law Firms: Paul Hastings;

Clients: Yuzhou Properties Company Limited;

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Author: Michael Patrini