Baker & McKenzie has advised Regal Real Estate Investment Trust (“Regal REIT”) on its issuance of US$150 million 4.10% guaranteed notes due 2018 (“Notes”) pursuant to the establishment of its US$1 billion medium term note programme (“MTN Programme”) in January 2013.
The issuer, R-REIT International Finance Limited, is a special purpose vehicle wholly-owned and controlled by Regal REIT. ABCI Capital Limited, Haitong International Securities Company Limited, Industrial and Commercial Bank of China (Asia) Limited, UBS AG Hong Kong Banch and Wing Lung Bank Limited acted as the joint lead managers for the issuance of the Notes.
Milton Cheng, partner and head of the Firm’s REIT practice in Hong Kong and China, and Andrew Lockhart, partner and co-head of the Banking & Finance practice, led the Baker & McKenzie team advising Regal Portfolio Management Limited, the REIT Manager. The team also included associates Jeremy Ong and Erica Jiang.
Baker & McKenzie has been involved in a number of recent debt capital markets deals, including advising Yuexiu REIT on its US$1 billion medium term note programme as well as issuance of US$350 million 3.10% notes due 2018; Yuexiu Property Company Limited on its first US$2 billion medium term note programme as well as issuance of US$850 million notes; Yue Xiu Enterprises (Holdings) Limited on its initial issuance and private placement of HK$1 billion 6.4% notes due 2019, follow-on issuance of HK$1 billion 6.4% notes due 2020 and private placement and on its third note issuance of HK$1 billion 5.65% corporate notes due 2018; Champion REIT on its US$1 billion guaranteed medium term note programme; Cheung Kong (Holdings) Limited and its wholly-owned subsidiary, Cheung Kong Bond Securities (03) Limited (“CKBS”), on the issue and offering by CKBS of US$500 million 5.375% guaranteed senior perpetual securities; Cheung Kong (Holdings) Limited and its wholly-owned subsidiary, Cheung Kong Bond Securities (02) Limited (“CKBS”) on the issue and offering by CKBS of HK$1 billion 5.25% guaranteed senior perpetual securities; the joint bookrunners and the trustee, on the issuance by China ITS (Holdings) Co., Ltd of RMB210 million 10% guaranteed bonds due 2015; advising China South City Holdings Limited on its issue of US$125 million 13.50% senior notes due 2017; advising the issuer, CFG Investment S.A.C., an indirect wholly-owned Peruvian subsidiary of China Fishery Group Limited, on its US$300 million offering of 9.75% Senior Notes due 2019; Yanzhou Coal Mining Company Limited on its US$1 billion Notes issue; Li Ning Company Limited on its RMB750 million convertible bonds issue; and China WindPower Group Limited on its RMB750 million guaranteed bonds issuance.
