Paul Hastings Advises Yuzhou Properties on US$250 Million Senior Notes Offering

December 09, 2014
Hong Kong (December 9, 2014) - Paul Hastings, a leading global law firm, announced today that it advised Yuzhou Properties Company Limited (“Yuzhou Properties”), a leading property developer in China’s Fujian province listed on the Main Board of the Hong Kong Stock Exchange, on its issuance of US$250 million 9.00% senior notes (“Notes”) due 2019. BOC International, Credit Suisse, Haitong International, HSBC, Huatai Financial and J.P. Morgan acted as the initial purchasers.

Yuzhou Properties and its subsidiaries intend to use the net proceeds of the Notes to repay certain of its existing indebtedness, fund potential land acquisitions and for general working capital purposes.

Paul Hastings has advised Yuzhou Properties on a number of its debt and equity-related transactions over the past few years including on its US$250 million senior notes offering in 2012, its US$200 million senior notes offering in 2010, and its US$208 million Hong Kong IPO and Global Offering in 2009 (advising the underwriters).

The Paul Hastings team was led by corporate partners Vivian Lam and David Grimm, with support from associates James Ma, Erika Wan and May Lun.

Paul Hastings is a leading global law firm with a strong presence throughout Asia, Europe, Latin America, and the United States. Through a collaborative approach, entrepreneurial spirit, and commitment to client service, the professionals of Paul Hastings deliver innovative solutions to many of the world’s top financial institutions and Fortune 500 companies.