PRC property company in US$129 million bond issue

    July 29, 2010 | BY

    clpstaff &clp articles

    Yuzhou Properties Company has issued US$129 million fixed rate guaranteed bonds due 2013. The bonds will be issued in two tranches to China Life Trustees,…

    Yuzhou Properties Company has issued US$129 million fixed rate guaranteed bonds due 2013. The bonds will be issued in two tranches to China Life Trustees, their net proceeds to be used for the potential purchase of land and working capital. The issuer is a property developer based in Fujian province.

    A Paul Hastings Janofsky & Walker Hong Kong-based team advised Yuzhou Properties, led by Raymond Li and including Sammy Li and Vivian Lam.

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