Conyers acted as Bermuda and British Virgin Islands counsel to Skyfame Realty (Holdings) Limited (“Skyfame Realty”) and Skyfame International Holdings Limited (“Skyfame International”) in connection with its international offering of its US$100 million 13% Senior Notes due 2023 to be consolidated to form a single series with the US$80 million 13% Senior Notes due 2023 of Skyfame International issued on 16 December 2020 and the US$112 million 13% Senior Notes due 2023 of Skyfame International issued on 24 May 2021 constituted pursuant to an Indenture and guaranteed by Skyfame Realty. Skyfame International is a special purpose subsidiary of Skyfame Realty structured for the issue of debt capital.
Established in 1996, Skyfame Realty engages in property development, investment and management activities in the People’s Republic of China. It is headquartered in Guangzhou and has expanded its business to a number of major cities including Shenzhen, Zhongshan and Nanning. The Guarantor has worked on various high-end property projects including luxury hotel The Westin Guangzhou.
Partner Paul Lim and Legal Manager Charlie Chan of Conyers’ Hong Kong office advised on the matter, working alongside Sidley Austin, Shearman & Sterling, Jingtian & Gongcheng, and Deheng Law Office.