Paul Hastings Advises Mingfa Group on its US$200 Million Convertible Bond
Hong Kong (May 25, 2011) Paul, Hastings, Janofsky & Walker, a leading global law firm, announced today that it has advised Mingfa Group (International) Company Limited (Mingfa Group), a leading PRC investment company focusing on property development, in its issuance of HK$1,560,000,000 - approximately US$200 million - in convertible bonds. The bonds have a 5-year maturity date and will bear interest at a rate of 5.25% per annum payable semi-annually in arrears. HSBC and Morgan Stanley acted as the joint lead managers on the transaction.
Paul Hastings last year advised Mingfa Group on a separate convertible bond issuance where the subscribers were co-owned by Warburg Pincus Private Equity X, L.P. and Warburg Pincus X Partners, L.P., private equity investment funds managed by Warburg Pincus.
Paul, Hastings, Janofsky & Walker LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.