Admiralty Harbour is a credit-focused financial services firm based in Hong Kong.
Admiralty Harbour completes US$185m bond offering for Sunkwan Group
Jan 2021
On 14 January 2021, Sunkwan Properties Group Limited (6900.HK) successfully issued it inaugural US$185m 12.75% Senior Notes due 2022. Admiralty Harbour acted as Joint Bookrunner and Joint Lead Manager for the transaction.

Despite that the market is still digesting the overwhelming primary market supply in the first week of 2021, with unstable sentiment impacted by a few headline names, this transaction is well accepted with orders from diversified high-profile bond investors.

This transaction is the debut issuance by Sunkwan Properties in offshore debt capital markets and marks another milestone of the Company since its IPO on the main board of Hong Kong Stock Exchange in November 2020. Admiralty Harbour again introduced a high-quality company providing attractive yields to the market. We appreciate the trust from our client, and we are expecting further close collaborations. Congratulations to Sunkwan!