Harneys advises Greenland Holding Group on US$200 million issuance of 6.375% bonds due by 2020

Leading global offshore law firm, Harneys, is pleased to announce that it acted as British Virgin Islands legal counsel to issuer Lv’an Chuangxing Limited, and its onshore counsel Allen & Overy on the issuance of US$200 million 6.375% Bonds due by 2020. The bonds are to be listed on Chongwa (Macao) Financial Asset Exchange Co.,Ltd. (MOX). 

Lv’an Chuangxing Limited is an indirect subsidiary of Greenland Holding Group Limited, a leading group company and second largest enterprise held by Shanghai SASAC, in China with a primary focus on real estate business. The Greenland Group is prestigiously ranked among “Fortune Global 500 in 2018”, “Top 500 Chinese Companies” and “Top Shanghai Enterprises”.

The Harneys global transactional team were able to showcase their 24-hour service ability and worked expeditiously to ensure the deal closed on time. The transaction was completed within 2.5 weeks.

Harneys Partner Ellie Crespi led the team and commented that : “Harneys has represented the Greenland Holding Group since 2014, advising a number of group companies on their MTN programmes and standalone DCM issuances. We are proud to serve alongside Allen & Overy in support of our mutual client Lv’an Chuangxing Limited.” The team also included Associates Melissa Thomas (BVI) and Jessie Xu (Shanghai).