Beijing Hongkun Weiye Real Estate Development Co. Ltd. successfully issued its first offshore bond of US$110 million, facilitated by Admiralty Harbour, marking a significant step in its capital expansion strategy.

Introduction to the Deal

Beijing Hongkun Weiye Real Estate Development Co. Ltd. successfully entered the international debt capital market with the issuance of its debut offshore bond. On September 27, 2019, the company, led by Executive Director Mr. Zhao Weihao, issued US$110 million in 14.75% Senior Notes due in 2022. Admiralty Harbour played a crucial role in this transaction as a Joint Global Coordinator, Joint Bookrunner, and Joint Lead Manager, facilitating the entire process and ensuring optimum outcomes.

Overview of Beijing Hongkun

Established in 2020, Beijing Hongkun has emerged as a prominent player in the real estate sector, boasting over 50 developed projects across key regions in China. The company’s portfolio spans the Beijing-Tianjin-Hebei region, the Yangtze River Delta, the Pearl River Delta, Central China, and Hainan Province, with notable developments in major cities like Beijing, Tianjin, and Guangdong, among others. Its business comprises three major segments: residential properties, commercial properties, and property services.

Beijing Hongkun has consistently been recognized for its excellence, featuring prominently on the list of “Top 100 Real Estate Developers in China” for seven consecutive years from 2013 to 2019. The company has garnered various