Baker McKenzie has acted as the issuer's counsel to Universe Trek Limited (a wholly-owned subsidiary of Far East Horizon Limited), and also as the guarantor’s counsel to Far East Horizon Limited ("Far East Horizon") on the issuance of USD 250 million zero coupon guaranteed convertible bonds due 2026. The transaction was closed on 15 June.

Far East Horizon is a leading integrated financial service provider in China that is committed to providing customers with customized, one-stop financial solutions through financial leasing and other value-added services.

China International Capital Corporation Hong Kong Securities Limited, CMB International Capital Limited, and UBS AG Hong Kong Branch were the Joint Global Coordinators, Joint Lead Managers and Joint Bookrunners, while DBS Bank Ltd. was a Joint Lead Manager and Joint Bookrunner for the transaction.

The Baker McKenzie team was led by Partner Hang Wang of Baker McKenzie (Beijing) and Senior Counsel Bing Han of FenXun Partners (Beijing), with support from Special Counsel Shanshan Xu and Associate Phoebe Wang in Shanghai.

Commenting on the deal, Hang Wang said, "This transaction represents the second convertible bonds issued by Far East Horizon and its subsidiary in the last six months, and we are honored to have been given the opportunity to represent the companies on both occasions. We look forward to continuing to support their future legal needs and business growth."

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