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.
The Paul Hastings team was led by partner
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