Conyers provided Bermuda and British Virgin Islands legal advice to P&R International Treasury Limited (the “Company”) in connection with the establishment of its US$300 million medium term note and perpetual securities programme guaranteed by Paliburg Holdings Limited (“Paliburg”), Regal Hotels International Holdings Limited (“Regal Hotels”) and P&R Holdings Limited (“P&R”).

The Company is a wholly owned subsidiary of P&R which is a 50:50 owned joint venture between Regal Hotels and Paliburg. P&R is principally engaged in the development of real estate projects for sale and/or leasing, the undertaking of related investment and financing activities, and the acquisition or making of any investments (directly or indirectly) in the financial assets of or interests in, or extending loans to, any private, public or listed corporations or undertakings that have interests in real estate projects or other financial activities where the underlying assets or security comprise real estate properties.

Partner Richard Hall and Associate Ryan McConvey of Conyers’ Hong Kong office advised on the matter working alongside Clifford Chance.

Stay current with our latest legal insights and subscribe today