Global legal practice Norton Rose Fulbright has advised The Hongkong and Shanghai Banking Corporation Limited (“HSBC”) as facility agent and the Mandated Lead Arrangers in relation to a US$101.8 million equivalent dual currency syndicated term facility to HKSE-listed PRC property developer, Yuzhou Properties Company Limited (the “Borrower”), dated 30 April 2013. The Mandated Lead Arrangers were Hang Seng Bank Limited, HSBC, Tai Fung Bank Limited, The Bank of East Asia, Limited, Luso International Banking Limited and China Guangfa Bank Co., Ltd., Macau Branch.
The transaction was the first syndicated loan facility entered into by the Borrower. The proceeds of the facility will be used for refinancing and general working capital of the Borrower and its subsidiaries to meet future business development needs.
The Norton Rose Fulbright team advising the Facility Agent and Mandated Lead Arrangers was led by Banking and finance partner Peter Haslam in Hong Kong, with assistance from David Milligan, Emily Howell and Teresa Han.
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