Chinese property developer makes high-yield offering
May 13, 2010 | BY
clpstaff &clp articlesAgile Property Holdings issued a US$650 million Rule 144A/Regulation S offering of its high-yield notes due 2017. Agile is one of China's largest property…
Agile Property Holdings issued a US$650 million Rule 144A/Regulation S offering of its high-yield notes due 2017. Agile is one of China's largest property developers, focusing on the development and sale of large-scale residential properties in China.
Merrill Lynch International, Morgan Stanley, Deutsche Bank, Singapore branch, and Standard Chartered Bank were the initial purchasers. They were all advised by Davis Polk & Wardwell in Hong Kong. The team was led by William Barron and was assisted on tax advice by John Paton of the Davis Polk London office. Commerce & Finance Law Offices served as PRC counsel to the initial purchasers.
Sidley Austin in Hong Kong advised Agile on US and Hong Kong law. The issuer's PRC adviser was Jingtian & Gongcheng. Conyers Dill & Pearman was involved too as BVI and Cayman Islands adviser.
This premium content is reserved for
China Law & Practice Subscribers.
A Premium Subscription Provides:
- A database of over 3,000 essential documents including key PRC legislation translated into English
- A choice of newsletters to alert you to changes affecting your business including sector specific updates
- Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
Already a subscriber? Log In Now