Paul Hastings Advises Yuzhou Properties on US$300 Million Senior Notes Offering

Paul Hastings, a leading global law firm, announced today that the firm represented Yuzhou Properties Company Limited (“Yuzhou Properties”), a leading property developer in China’s Fujian province listed on the Main Board of the Hong Kong Stock Exchange, in its issuance of US$300 million 8.625% senior notes (“Notes”) due 2019. BOC International, Citigroup, Deutsche Bank and HSBC were the joint lead managers and joint bookrunners.

Yuzhou Properties intends to use the net proceeds of the Notes to repay certain existing indebtedness, to fund the acquisition of land for residential and commercial property development and for general corporate purposes.

Paul Hastings has advised Yuzhou Properties on a number of debt-related transactions over the past few years, including its US$300 million senior notes offering in 2013.

The Paul Hastings team was led by Raymond Li, partner and Chair of Greater China, and capital markets partner David Grimm, with support from associates Jordan Baggs, Joy Chen, Celia Chau and May Lun.

www.paulhastings.com


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