Appleby's Hong Kong office acted as British Virgin Islands (BVI) and Cayman Islands counsel for Times China Holdings Limited (Times China) in its tap issuance of USD100 million aggregate principal amount of 6.2% senior notes due 2026, to be consolidated and formed a single series with USD350 million 6.2% senior notes due 2026 issued on 22 September 2020.
The team was led by Partner Chris Cheng, supported by Legal Executive Connie Wu.
The gross proceeds of the Notes Issue will be approximately USD101.2 million and Times China intends to use the proceeds for refinancing. This is the sixth transaction Appleby's Capital Markets team has supported Time China with in the past 12 months.
Our Hong Kong Capital Markets team is highly regarded for their extensive expertise in supporting offshore companies with IPOs, introductions, placements and listings of both equity and debt securities on the Hong Kong, US, Singapore and many other internationally recognised stock exchanges.