On 12 November 2019, Admiralty Harbour acted as a Joint Global Coordinator, Joint Bookrunner and Joint Lead Manager on the US$40m Tap Issue on the 14.75% Senior Notes due 2022 for Beijing HongkunWeiye Real Estate Development Co. Ltd(the “Company” or “Beijing Hongkun”).
The Company successfully completed its debut offshore bond issuance on 27 September 2019, and is gradually known by more investors. Admiralty Harbour assisted the Company to reach out to more investors and secure anchor orders from elite global funds, driving this US$40 million tap. After the issue of the New Notes, the aggregate principal amount of outstanding Notes is US$150 million.
About Beijing Hongkun
Since its inception in 2020, Hongkun Real Estate has cumulatively developed more than 50 projects and has 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. 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.