China’s Vanke Real Estate launches new $9.5 billion MTN program

By William Gullotti

Buffalo, N.Y., May 19 – Vanke Real Estate (Hong Kong) Co. Ltd. is listing a $9.5 billion medium-term note program, according to a notice on Thursday.

UBS and HSBC are the joint arrangers of the Regulation S program, also serving as dealers with ABC International, Agricultural Bank of China Ltd., Hong Kong Branch, Bank of China (Hong Kong), BOC International, BNP Paribas, China Citic Bank International, China Construction Bank (Asia), China International Capital Corp., China Merchants Securities (HK), CLSA, Credit Suisse, DBS Bank Ltd., Deutsche Bank, Goldman Sachs (Asia) LLC, ICBC (Asia), JPMorgan, Morgan Stanley and UOB.

HSBC is also serving as trustee.

Milbank LLP is counsel to the issuer for U.S. federal securities law. Jeffrey Mak Law Firm is counsel to the issuer as to Hong Kong law with Zhong Lun Law Firm serving in the same capacity for PRC law.

Linklaters is counsel to the dealers and trustee as to Hong Kong Law. Commerce & Finance Law Offices is counsel to the dealers for PRC law.

The program covers debt issuance for 12 months and is expected to be listed on the Hong Kong Exchange.

Vanke is a Shenzhen, China-based real estate developer.

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