Innovative bond financing for purchasers of iconic Hong Kong commercial property The Center
HONG KONG – Allen & Overy has advised Morgan Stanley as the mandated lead arranger of the senior bonds on a bespoke real estate bond financing for a consortium of buyers through its special purpose vehicle, C.H.M.T. Peaceful Development Asia Property Limited. Proceeds of the bonds funded the landmark acquisition of The Center, one of Hong Kong’s prime commercial buildings located in the city’s business district.