Anna Chong from Conyers Dill & Pearman has advised Real Estate Lyra on the establishment of a $2bn (£1.3bn) medium-term note programme.
Conyers provided BVI legal advice to Bestgain Real Estate Lyra, a wholly owned subsidiary of Vanke Real Estate (Hong Kong) Company (Vanke HK), which in turn is a wholly owned subsidiary of China Vanke Company.
The legal advice was in connection with the establishment of the $2bn guaranteed medium-term note programme relating to the issue of medium-term notes by Bestgain Real Estate Lyra and guaranteed by Vanke HK.
Chong, from Conyers’ Hong Kong office worked alongside David Polk & Wardwell and Zhong Lun Law Firm on the matter.
China Vanke Co also entered into a keepwell deed in favour of the arranging banks in respect of certain financial undertakings and ownership of the issuer and the guarantor.