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Yuzhou Group Completes Debut Green Senior Notes Offering

August 18, 2020

Hong Kong – Paul Hastings, a leading global law firm, announced today that it represented Yuzhou Group Holdings Company Limited in connection with the debut issuance of green senior notes due 2026 in an aggregate amount of US$300 million at a rate of 7.85% per annum. Goldman Sachs (Asia) L.L.C., BOC International, Credit Suisse, J.P. Morgan, UBS, Deutsche Bank, Haitong International, Guotai Junan International, Morgan Stanley, HSBC, China Industrial Securities International and Yuzhou Financial acted as the joint global coordinators, joint bookrunners and joint lead managers.

Yuzhou Group, formerly known as Yuzhou Properties Company Limited, is one of the leading national property developers with its primary focus in developing high-quality residential properties. Yuzhou Group has also developed into an integrated enterprise with diversified businesses: boutique housing development, investment property operations, hotel operation management and property management.

Yuzhou Group intends to use the net proceeds primarily for refinancing its existing medium to long term offshore indebtedness. Yuzhou Group also commits to allocate an equivalent amount of the net proceeds to finance or refinance eligible green projects with environment benefits in alignment with the International Capital Market Association Green Bond Principles and Green Loan Principles.

Paul Hastings attorneys have been involved in a number of Yuzhou Group’s international debt and equity offerings, including representing the sole book runner in the Hong Kong IPO and global offering of Yuzhou Properties in 2009, and subsequent international debt offerings in the last decade.

The Paul Hastings team was led by Corporate partner Vivian Lam, with support from of counsel May Lun and associate Jeff Lee.

 

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