On 27th September 2019, Beijing Hongkun Weiye Real Estate Development Co. Ltd (“Hongkun Weiye” or the “Company”) successfully pricedits US$110m 3NP2 senior fixed rate bond debut offering (the “Transaction”). AMTD acted as a Joint Bookrunner and Joint Lead Manager on the Transaction.

The bond is issued by Hong Kong Ideal Investment Limited, with guarantee provided by Beijing Hongkun Weiye Real Estate Development Co. Ltd and certain offshore subsidiaries of the Company. The Company has been assigned a credit rating of B (Negative Outlook) by Fitch and the Transaction has also been assigned a rating of B by Fitch.

The Transaction is the debut offshore USD public bond offering by Hongkun Weiye. After observing the market patiently for the optimal issuance window, the Company acted swiftly and decisively by undertaking an intra-day bookbuilding and pricing before the National Day Golden Week, ensuring a successful execution of the Transaction.

This is the first transaction completed by AMTD for Hongkun Weiye, demonstrating its ability to assist property companies in completing debut debt capital markets transaction and tapping into new financing channels, and showcasing property developers’ trust in AMTD’s ability of navigating the capital markets.

Beijing Hongkun Weiye Real Estate Development Co. Ltd is a property developer in the PRC with a strong market presence in the Beijing-Tianjin-Hebei region. For seven consecutive years from 2013 to 2019, it was among the “Top 100 Real Estate Developers in China” list, compiled jointly by China Real Estate Industry Association and China Real Estate Evaluation. It was ranked 64th nationwide on the “Top 100 Real Estate Developers in China in 2019” list by the China Real Estate Top 10 Research Group.

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