Baker McKenzie (as Hong Kong counsel) in collaboration with its Joint Operation partner, FenXun Partners (as PRC counsel), recently advised Yuexiu REIT on its successful issuance of USD400 million Guaranteed Notes pursuant to its Medium Term Note Program.

The team was led by Dorothea Koo and Jeremy Ong of Baker McKenzie in Hong Kong, and Shirley Wang of FenXun Partners in Beijing. They were supported by associates Yuanding He in Shenzhen, Isaac Yeung and Cheryl Wang in Hong Kong and Yichang Liu in Beijing.

Commenting on the transaction, Jeremy Ong said: “We are delighted and proud to have assisted our longstanding client, Yuexiu REIT, on another successful bond issuance. I am also proud of our Hong Kong and PRC teams working seamlessly together to provide efficient and coordinated advice, and look forward to together continuing to support Yuexiu REIT's future legal needs."

Shirley Wang added: "We are delighted to have worked with our Hong Kong team and assisted Yuexiu REIT on the successful bond issuance. This is a good illustration of how our joint operation between FenXun Partners and Baker McKenzie could benefit our clients in cross-border transactions, and we look forward to supporting our clients together with Baker McKenzie on more and more deals of similar nature in the future."

Baker McKenzie's Asia Pacific REIT Practice has been at the forefront of groundbreaking REIT transactions in Asia. The Practice has been involved in almost all significant transactions to date involving Hong Kong-listed REITs, including their IPOs, follow-on acquisitions and disposals, equity and debt capital raisings, takeover defense and licensing/regulatory matters. Hong Kong-based clients of the Practice include Yuexiu REIT, Link REIT, Champion REIT, China Merchants Commercial REIT, Spring REIT, Prosperity REIT, Fortune REIT, Hui Xian REIT and Regal REIT. The Practice has also advised on other significant REIT-related deals in the Asia Pacific.

FenXun Partners' Debt Capital Markets team has extensive experience in advising issuers and underwriters on onshore and cross-border bond issuance transactions, especially on panda bond and offshore bond transactions. The team regularly represents sovereign entities, leading financial institutions and multinationals as well as Chinese entities, including SOEs, local government financing vehicles (LGFVs), real-estate companies, high-tech companies and energy and chemical enterprises on RMB and USD bond issuance by way of public offerings and also private placements.

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