King & Wood Mallesons advises Poly Property Group on note issuance
King & Wood Mallesons has advised Poly Property Group on its issuance of $5bn (£3.3bn) notes on the Hong Kong Stock Exchange at an interest rate of 4.75 per cent, due in five years.
The funds raised will be used to refinance existing indebtedness and for general corporate purposes.
Poly Property is the only overseas-listed real-estate flagship enterprise of China Poly Group Corporation.
This is a cross-border project that was completed with co-ordination between the mainland and Hong Kong teams of King & Wood Mallesons.
King & Wood Mallesons served as legal counsel to the issuer. The project was led by partners Zhang Yi, Sau-Wing Mak and Kevin Tong.
News from King & Wood Mallesons
News from The Lawyer
Briefings from King & Wood Mallesons
Principals and contractors need to be aware that in not registering security interests under the PPSA 2009, they may risk serious consequences.
The New Companies Ordinance (NCO) will come into effect on 3 March 2014. It includes changes that affect the way documents may be executed.
Analysis from The Lawyer
Shanghai’s ground-breaking Pilot Free Trade Zone could mark the beginning of the long-awaited liberalisation of China’s legal services sector.
Hong Kong IPO activity is hotting up again, but UK legal stalwarts are looking over their shoulders as US rivals make up ground fast