2007'02.11.Sun
Sidley Austin Advises Agile Property Holdings Limited on US$400 million High Yield Offering

PR
October 03, 2006

HONG KONG, Oct. 3 /Xinhua-PRNewswire/ -- International law firm Sidley Austin has represented Agile Property Holdings Limited (Agile), a company listed on The Stock Exchange of Hong Kong, as U.S. and Hong Kong counsel in connection with its issuance of US$400 million 9% Senior Notes due 2013 including "high yield" covenants, pursuant to Regulation S and Rule 144A, with a listing on the Singapore Stock Exchange. The high-yield issuance, which closed on Friday, September 22, marks Agile's first international debt offering and is the first to be offered by a Chinese-based company since April this year. The transaction was led by partner, Matthew Sheridan, of Sidley's Hong Kong office. Mr. Sheridan commented, "It was a pleasure and an honor to work with the Agile team, this transaction being the second time we have represented the company. We first worked with Agile as HK counsel on its initial public offering in December last year. Partner Constance Choy led the Hong Kong team in that transaction." Agile is a Chinese property developer based in Guangzhou, China, and is one of the largest property developers in the rapidly growing Pearl River Delta region. Notes for Editors: Sidley is one of the world's largest full-service law firms, with more than 1,600 lawyers practicing in 15 offices on 3 continents (Asia, Europe and the U.S.). We are consistently ranked at the top of the Thomson Financial league tables. For 2005, we were ranked as: -- top issuer counsel and third as underwriter counsel for U.S. debt, equity and equity-related offerings; -- top issuer counsel and top underwriter counsel for U.S. investment grade debt; and -- top issuer counsel and third underwriter counsel for U.S. straight debt, including asset-backed and mortgage backed securities. In Asia, lawyers in the corporate finance team advise clients on U.S., Hong Kong and English law in connection with all types of equity, debt and equity-linked transactions, including SEC-registered offerings in the United States, international securities offerings pursuant to Rule 144A and Regulation S governed by U.S. and English law, The Stock Exchange of Hong Kong Main Board and Growth Enterprise Market (GEM) listings, and issuances involving the creation of ADR or GDR programs. In 2005, Sidley ranked first in relation to the number of transactions advising issuers and first (tied) in relation to the number of transactions advising underwriters for listings on The Stock Exchange of Hong Kong Mainboard. (Asian Legal Business, Jan 2006) In 2006, Sidley was named to Legal Business' Global Elite, their survey of "the 15 finest law firms in the world." For more information, please contact: Matthew Sheridan partner of Sidley Austin LLP Tel: +1-852-2901-3886 Email: msheridan@sidley.com Lisa Kong marketing manager Sidley Austin LLP Tel: +1-852-2509-7899 Email: lkong@sidley.com SOURCE Sidley Austin LLP
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