Deals

Harneys represented Innovate Holdings Limited, a BVI company, in respect of its issue of US$500,000,000 preference shares (the “Preference Shares”) in connection with an issuance by its parent, The Bank of East Asia, Limited (“BEA”)  of up to US$500,000,000 Hybrid Tier I Capital Instruments under a stapled format, comprising subordinated notes issued by BEA and the Preference Shares. Harneys also advised BEA on all BVI issues relating to the transaction. BEA is the largest independent local bank in Hong Kong.

Paul Lau led the Harneys team.

The issue date was 5 November 2009.