Appleby acted as BVI counsel to Asia View Limited (Asia View) and Bermuda counsel to Yuexiu Transport Infrastructure Limited (YXT) in US$200 million, 1.5% Guaranteed Exchangeable Bonds due 2019.
The Bonds, listed on the Hong Kong Stock Exchange on 11 August, were issued by Asia View and guaranteed by Yue Xiu Enterprises (Holdings) Limited (Yue Xiu). Asia View will on-lend the proceeds from the bond issue to Yue Xiu for general corporate purpose.
The Appleby team was led by Judy Lee, a corporate partner in Appleby’s Hong Kong office, assisted by Senior Associate Jo Lit. Baker & McKenzie advised the Issuer on Hong Kong and English laws, and Linklaters and Zhonglun Law Firm represented the joint lead managers as to Hong Kong and PRC laws, respectively. Linklaters is also the legal adviser to the Trustees.
The business operations of Yue Xiu, a wholly-owned subsidiary of Guangzhou Yue Xiu Holdings Limited, span: transportation infrastructure, real estate, banking and financial services, manufacturing and other industries.
