Dentons advised China Overseas Land & Investment Limited (the "Guarantor") and China Overseas Finance (Cayman) VIII Limited (the "Issuer") on the successful listing of their update of guaranteed medium term note programme (the "Programme") for the issue of notes in an aggregate amount of up to U.S.$4,000,000,000 on the Stock Exchange of Hong Kong on 28 June 2024. Under the Programme, the Issuer (which was established by the Guarantor specifically for the Programme), subject to compliance with all relevant laws, may from time to time issue medium term notes (the "Notes") which will be unsecured and unsubordinated obligations of the Issuer and will be unconditionally and irrevocably guaranteed by the Guarantor. The proceeds of the Notes will be applied to finance new and existing projects and for general corporate purposes as stated in the applicable pricing supplement.

The Guarantor is an investment holding company with operations in the PRC, Hong Kong, Macau and London and its shares have been listed on the Hong Kong Stock Exchange (stock code: 00688) since 1992. The Issuer, the Guarantor and its subsidiaries (collectively, the "Group") are engaged in property development and sales in the Chinese Mainland, Hong Kong and Macau. The Group has made significant investments and has interests in property development projects in major cities in the Chinese Mainland such as Beijing, Guangzhou, Shanghai and Shenzhen. The Group also has a strong presence in other major cities in Xiamen, Changsha, Jinan, Nanjing, Hangzhou, Suzhou, Chengdu, Tianjin and Xi'an. The Guarantor is rated "A-/Stable" by Standard & Poor's and "A-/Stable" by Fitch.

The joint arrangers for the Programme are BOC International and DBS Bank Ltd.

The Dentons Hong Kong team, which advised the Guarantor and the Issuer on Hong Kong and English law in the listing of this Programme, was led by senior consultant Linda Ngan along with associates Ningxin Sun, Kevin Lo, Tracy Lei and legal assistant Alison Chan.

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