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Paul Hastings Advises on Glorious Propertys Further Issuance of US$150 Million Senior Notes

March 22, 2013

Hong Kong (March 22, 2013) - Paul Hastings, a leading global law firm, announced today that it represented Glorious Property Holdings Limited (“Glorious Property”), a leading PRC property developer based in Shanghai and listed on the Hong Kong Stock Exchange, in its issuance of additional senior notes (“Additional Notes”) in the aggregate principle amount of US$150 million, due 2018, which will be consolidated and form a single series with the US$250 million senior notes issued on March 4, 2013.

Deutsche Bank, Haitong International, ICBC International, J.P. Morgan, The Royal Bank of Scotland and UBS were the joint bookrunners and joint lead managers in respect of the offer and sale of the Additional Notes.

Glorious Property intends to use the net proceeds from the offering for refinancing existing debt and for general corporate purposes.

The Paul Hastings Hong Kong team was led by capital markets partners 

and , with support from associates , and . The London team was led by partner  with support from associate .

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