Admiralty Harbour is a credit-focused financial services firm based in Hong Kong.
Admiralty Harbour completes US$110mm bond offering for Beijing Hongkun
Sep 2019
Welcome Beijing Hongkun, to international debt capital market!
Mr. Zhao Weihao, executive director of Hongkun Group, with his team, granted a Letter of Thanks to Admiralty Harbour, recognizing our work on the debut new issuance of Hongkun’s offshore bond.
The letter of thanks signed by Mr. Zhao Bin, the Chairman of Hongkun Group
On 27th September 2019, Admiralty Harbour acted as a Joint Global Coordinator, Joint Bookrunner and Joint Lead Manager for the US$110m 14.75% Senior Notes due 2022 offering (the "Notes") for Beijing Hongkun Weiye Real Estate Development Co. Ltd (the "Company" or "Beijing Hongkun").

This transaction was the first offshore USD bond issuance by Beijing Hongkun. As the leading coordinator, Admiralty Harbour actively managed and optimized the issuance structure according to feedback from investors and in response to their concerns. The adjusted structure attracted orders from many high-profile bond investors and private banks and boosted up the inaugural senior notes offering.

About Beijing Hongkun
Since the inception in 2020, Hongkun Real Estate has accumulatively developed more than 50 projects and have a well-established development portfolio in the Beijing-Tianjin-Hebei region, the Yangtze River Delta, the Pearl River Delta, Central China and Hainan Province, including projects in Beijing, Tianjin, Hebei, Jiangsu, Guangdong, Anhui, Hainan and Hubei, etc. The business of the Company consists of 3 parts, residential properties, commercial properties, and property services. For 7 consecutive years, from 2013 to 2019, Hongkun were among the “Top 100 Real Estate Developers in China” list. The Company were also awarded the “Top 10 Innovative China's Real Estate Development Enterprises”, the “Top 10 Brand Value of China Real Estate Development Enterprises in North China", etc.