Leading Developer and Operator in China
Issue of Convertible Bonds amounting to S$174 million
Avant Law acted for a leading developer and operator in China (which specialises in a type of properties) to obtain financing for an aggregate principal amount of approximately S$174 million by issuing junior and senior convertible bonds.
Beside the financing aspect, we also negotiated on the terms of the joint venture involving our client and a Mainboard listed company in Singapore.
Taking a pragmatic approach without sacrificing the our client's interests, we were able to advise and guide our clients through this intense process. The loan was successfully drawdown within the tight project timeframe.
The transaction involved multiple documentation and several rounds of discussion and negotiation. Avant Law advised our client on the potential risks and pitfalls so that our client could make well-informed decisions within a short timeline. Our team worked closely tirelessly to ensure that the goals of the parties were met within the tight timeline.
This success was supported by our strong knowledge in banking and finance, and our ability to work closely with the foreign counsels to comprehensively understand the regulatory requirements on our client.