The first collaboration between Admiralty Harbour and Dafa
On 11 December 2020, Dafa Properties Group Limited (Stock code: 6111.HK; “Dafa” or the “Company”) successfully tapped an additional US$80m of its existing 12.375% Notes due 2022. Admiralty Harbour acted as Joint Global Coordinator, Joint Bookrunner and Joint Lead Manager for the transaction. Despite market activity usually slows in the final month of the year, the transaction was still very well received by investors with orders over US$300m. Entering the week markets fell from historical highs and retreated further as stimulus talks saw some headwind. However overall market sentiment remains entering Q1 2021. With optimism in the air, high yielding notes are in high demand. This was the first collaboration between Dafa and Admiralty Harbour, congrats to the Company on a very successful tap issuance!