Admiralty Harbour Capital

WEBSITE TERMS OF USE

Thank you for visiting the Website of [Admiralty Harbour Capital Limited (“AHCL”)]. By accessing our Website (the “Website”), you agree to comply with, and acknowledge that you understand, the following terms and conditions (the “Terms”). If you do not agree to all of the Terms, you are not an authorised user and you should not use the Website. AHCL may change these Terms at any time, and your continued use of the Website after any such modifications will constitute your acceptance of any such amended Terms.
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Contact
If you have any queries in relation to these Terms please contact AHCL here.

WEBSITE PRIVACY POLICY

AHCL and its affiliates are committed to protecting and respecting your privacy. This policy (the “Privacy Policy”) sets out the basis on which any personal data we collect on our website (the “Website”) from you will be processed by us. Please read the following carefully to understand how we will treat your personal data.
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By visiting this Website, you are accepting the practices described in this Privacy Policy. If you do not agree to this Privacy Policy, please do not use this Website. Please review the Website Terms of Use learn of other terms and conditions applicable to your use of this Website.
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1. Information collection.
To provide better service to you, we may collect and process data about you which you choose to provide through the Website, for example, by sending us correspondence. Please do not provide information you do not want us to have.
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In addition, we may also collect information about you automatically through your use of the Website, for example, details of your visits and how you navigate the Website, the resources you access and your IP address.
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If you choose to provide information to us through the Website, we will generally use the information for the purpose for which it was provided. In addition, information may be used by us for the purposes of:
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(c) complying with laws and regulations applicable to us or any of our affiliates;
(d) purposes directly related or incidental to the above; and
(e) as otherwise permitted by law.
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We will keep the personal data we hold confidential but may provide information to:
(a) our directors, employees and affiliates;
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(c) protect the security and confidentiality of this Website and our records; and
(d) persons to whom we are required to make disclosure to comply with legal process or under applicable laws and regulations.
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We seek to use reasonable organisational, technical and administrative procedures to protect the information you provide to us. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our Website and any transmission is at your own risk.
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6. Changes to our Privacy Policy.
Any changes we may make to our Privacy Policy in the future will be posted on this page We will not provide individual notice of any such changes, and such changes will be effective immediately upon posting.
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7. Data transfers.
We may hold your data on servers in Hong Kong and any other territories as we see fit from time to time. We may also transfer your data to overseas offices that we may have in the future or to any people listed in Clause 3 above, who may be located in or outside of Hong Kong.
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8. Your consent and rights.
By using our visiting our Website, you consent to the collection and use of your information and other activities as outlined in this Privacy Policy.
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Under the Hong Kong Personal Data (Privacy) Ordinance (the "Ordinance"), individuals have the right:
(a) to check whether we hold personal data about you and to access such data;
(b) to require us to correct as soon as reasonably practicable any data relating to you that is inaccurate;
(c) to ascertain our policies and practices in relation to personal data and the kind of personal data held by us; and
(d) to object to the use of your personal data for marketing purposes and we shall not use your personal data for marketing purposes after you communicate your objection to us.
You may exercise your opt-out right by notifying us if you wish to object to the use of your personal data for direct marketing purposes. Please contact us with requests for such objections, access to data, correction of data, information regarding policies and practices and kinds of data held, questions or complaints here.
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9. Governing law and jurisdiction.
Nothing in this Privacy Policy shall limit the rights of the data subject under the Ordinance. This Privacy Policy shall be governed by the laws of the Hong Kong Special Administrative Region. You submit to the exclusive jurisdiction of the Hong Kong courts with respect to any and all matters arising out of or in connection with this Privacy Policy.

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Admiralty Harbour is a credit-focused financial services firm based in Hong Kong.

Admiralty Harbour completes US$200mm bond offering for Landsea Green Properties

Jan 2020

On 15 January 2020, Admiralty Harbour acted as a Joint Bookrunner and Joint Lead Manager for the US$200m 10.75% 2.75-year senior unsecured green bond offering (the “Notes”) for Landsea Green Properties Co., Ltd. (106.HK, the “Company” or “Landsea”).

The Notes are directly issued by the Company. The issuer is rated B2 Stable/ B Stable /B Stable(Moody’s/S&P/Fitch) and the issue rating is B3/B-/B (Moody’s/S&P/Fitch). Under effective leadership of the Company’s senior management and close collaboration with deal teams, Landsea’s new bond pricing taps the best window of offshore bond issuance. The transaction received strong support from high quality investment institutions. The order book eventually exceeded USD750 million, realizing 3x oversubscription.

This time’s green bond issuance reflects the Company’s effort to support government initiatives to help China transition into a greener economy, especially in green architecture and sustainable banking. Proceeds from the Transaction will be used to repay the Company’s mid-term and long-term debt due within 12 months and, in line with the Landsea’s green bond principles, invest in energy-saving initiatives and other green projects.

About Landsea
The Landsea Group (the “Group”), a fully-integrated international property developer with a strong focus on sustainable technology, was founded in 2001. The Group has been implementing a differentiated green technology strategy since 2004. Currently the Group is well-established in the property development business, while expanding its competency in green nursing homes, green financial services, green design, green decoration and property value-added services and related businesses, with a primary focus on Germany and the US in the international market. In 2015, Landsea Group implemented a new development strategy of “product diversification, asset-light and market-internationalisation” driving the transformation from a traditional developer to an asset-light service-centred sustainable enterprise.

As the subsidiary primarily engaged in property development under the Group, Landsea Green Properties Co., Ltd. operates with the principle of “Build for the People”. To date, Landsea has developed more than 100 green technology property projects with footprints in Shanghai, Shenzhen, Tianjin, Nanjing, Hangzhou and 20 other cities, with over 16 million square meters in total developed area.

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