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Skadden Closes Three Transactions Involving High Yield Bonds For Agile Property & Wuzhou International.

7 July, 2015

 

Skadden recently closed three transactions involving high yield bonds in Hong Kong:

 

1) Skadden represented UBS, Credit Suisse and Guotai Junan International as the underwriters in a Regulation S “tap” offering of high yield bonds issued by Wuzhou International Holdings Limited, a major Chinese real estate company.  The tap bonds will be consolidated with the USD 100m senior notes due 2018 issued in September 2013 and the USD 100m senior notes due 2018 issued in January 2014.  The transaction was announced on June 25, and closed on July 6, 2015.  The Skadden Hong Kong team included Edward Lam, Vincent Sze, and Marc Tan.

 

2) Skadden represented HSBC and Standard Chartered as the dealer managers in the high-yield bonds consent solicitation launched by Agile Property Holdings Limited, one of China’s leading integrated property developers, to the holders of its USD 650m 8.875% senior notes due April 2017 and USD 700m 9.875% senior notes due March 2017.  The transaction was announced on June 8 and closed on June 22, 2105.  The Skadden Hong Kong team included Edward Lam, Vincent Sze, and Yuanjing Chen.  

 

3) Skadden represented Agile Property Holdings Limited in a USD 500m Regulation S high-yield offering of 9.0% senior notes due 2020. The transaction was announced on May 12, and closed on May 21, 2015.  The Skadden Hong Kong team included Edward Lam, Vincent Sze, and Layton Niu. 

 

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