Jurisdiction - China
Hong Kong – Baker & McKenzie Advises Champion REIT On USD1bn Guaranteed MTN Programme.

11 December, 2012



Baker & McKenzie is advising Champion Real Estate Investment Trust ("Champion REIT") on its US$1 billion guaranteed medium term note programme. The Hongkong and Shanghai Banking Corporation Limited is the arranger for the notes programme.
Milton Cheng, partner and head of the Firm’s REIT practice in Hong Kong and China, and Andrew Lockhart, partner and co-head of the banking & finance practice, led the Baker & McKenzie team advising Eagle Asset Management (CP) Limited, the REIT Manager. The team also included associates Jeremy Ong, Eric Lim and Erica Jiang. Corporate partner Jason Ng led the team acting for HSBC Institutional Trust Services (Asia) Limited, the REIT Trustee, and was assisted by associate Grace Fung.
Commenting on the deal, Milton Cheng said, "We are delighted to have the opportunity to assist our longstanding client, Champion REIT, on this significant debt capital markets transaction. The MTN programme is a particularly useful financing tool for real estate investment trusts as it gives them the ability to tap the debt capital markets swiftly and conveniently to raise money for their acquisition or other debt financing needs."
Andrew Lockhart added, "We have seen a number of notes and related debt capital markets issuances in Hong Kong over the last six months, mainly driven by demand from investors for quality debt securities offering good yields and the continuing challenges in the bank lending market. We are seeing many REITs as well as companies across the region take a close look at their capital and financing needs, and expect that there will be a trend towards more such capital management measures in the coming months."
For further information, please contact:
Jamie Kar, Baker & McKenzie



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