Hong Kong's Regal Real Estate Investment Trust is raising money to finance call options purchased in relation to two Hong Kong hotels currently in development.
By Tom Brennan|January 17, 2013
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Baker & McKenzie has advised Hong Kong’s Regal Real Estate Investment Trust on the establishment of a $1 billion medium-term note program.
The hospitality-focused REIT is raising money to finance call options purchased in relation to two Hong Kong hotels currently in development, according to a filing with the Hong Kong Stock Exchange, as well as general corporate purposes.
Baker & McKenzie Hong Kong partners Milton Cheng and Andrew Lockhart led on the deal for Regal, with
Appleby advising on matters of British Virgin Islands law.
The Australia and New Zealand Banking Group Ltd., The Hongkong and Shanghai Banking Corp. Ltd., J.P. Morgan Securities Plc. and UBS AG, Hong Kong Branch, served as arrangers for the program. They were represented by
Clifford Chance partner Matthew Fairclough.
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