Paul Hastings Represents Glorious Property in US$250 Million Senior Notes Offering

March 04, 2013

Hong Kong (March 4, 2013) - Paul Hastings, a leading global law firm, announced today that it represented Glorious Property Holdings Limited (“Glorious Property”), a leading PRC property developer based in Shanghai and listed on the Hong Kong Stock Exchange, in its issuance of senior notes (“Notes”) in the aggregate principal amount of US$250 million, due 2018.

Deutsche Bank, Haitong International, ICBC International, J.P. Morgan, The Royal Bank of Scotland and UBS were the joint bookrunners and joint lead managers in respect of the offer and sale of the Notes.

Glorious Property intends to use the net proceeds from the offering for refinancing existing debt and for general corporate purposes.

Paul Hastings has previously advised Glorious Property on a number of its debt and equity capital markets-related transactions including its US$300 million senior notes issuance in 2010 and its US$1.28 billion Hong Kong initial public offering in 2009.

The Paul Hastings Hong Kong team was led by capital markets partners Vivian Lam and David Grimm, with support from associates Celia Chau, Ling Ling, May Lun and Erika Wan. The London team was led by partners Christian Parker and Conor Downey with support from associate Karina Bielkowicz.

Paul Hastings is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.