Hong Kong Reception For Australian RMB Bond Fund

The Australian RMB Bond Fund was launched in Hong Kong on July 14th at a well attended reception.  Fund manager Agincourt Capital, in collaboration with The Conrad Group and MDS Financial Group Limited (MDS), celebrated the world’s first Renminbi secured convertible, off-shore bond fund for Australian real estate, together with investment managers, bankers, capital market specialists, and other Hong Kong financial services professionals. 

The Australian RMB Bond Fund provides a unique opportunity for Chinese and foreign investors to capture opportunities in Australian real estate via RMB convertible bonds.

MDS Financial Group Chairman, Sean Rothsey said at the launch, “I am enthused by the universally genuine interest expressed and the support from Asian business leaders, financial professionals, commentators and media demonstrated here tonight for the launch of the initial Agincourt Capital RMB-denominated convertible offshore bond fund focused on Australian real estate.

  “The first such fund of its kind,” he said, “it is unique in several ways: firstly, in that it is RMB-denominated and an AUD-settled senior secured convertible bond fund; secondly, its target group is Chinese institutional and professional investors wishing to diversify into Australian real estate; and thirdly, that it offers ultimately three different levels of risk.”

“Underpinned by the Chinese Ministry of Finance’s policies,” Mr Rothsey added, “the Fund seeks to tap the RMB500 billion plus and rapidly appreciating deposits in Hong Kong, which are up five times from last year. Investors are seeking RMB appreciation opportunities as much as the underlying investment opportunities, together with the impeccably credentialed reputation, history and quality of the Fund’s stakeholders.

“The involvement of MDS Financial Group is accelerating market perception of the Fund, akin to a Fund of Funds model, where we assist Agincourt to choose the best in each component required for a Fund, each party excelling at what it does, and we aim to excel by attaching them to deliver the best possible core competencies and key strengths to Agincourt Capital.

“This immediately gives Agincourt not only what they consider to be a far superior Fund Management and Asset Management capability, but also what they agree is a superior corporate governance and fiduciary responsibility model which in turn manifests itself in Fund performance, and facilitates the selection and due diligence processes for the Fund’s investors,” he said.

“From dozens of discussions here tonight it is indeed gratifying to know that from your perspective we seem to have achieved the right mix of product, management, governance and fiduciary responsibility model. As Chairman of MDS Financial, I am delighted that we are on the Agincourt team as a Senior Special Advisor, and I look forward to the Initial Offering within this current quarter,” said Mr Rothsey.

About MDS Financial Group

MDS Financial Group is an established corporate advisory and capital markets specialist with clients in Australia and the Asia-Pacific region. Listed on the Australian Securities Exchange (ASX:MWS), MDS subsidiaries include an ASX market participant, with institutional and third-party wholesale brokerage facilities and financial service entities underpinned by substantial retail online trading and market data services.  

MDS Financial Group provides corporate advisory services to Agincourt Capital, inclusive of management and corporate governance advice, corporate finance, equity capital market transactions and portfolio positioning, to enable Agincourt Capital to expand globally into other markets including UK and China. More information is available at www.mdsfinancial.com.au.

About Agincourt Capital

Agincourt Capital is a global real estate funds management company dedicated to providing sophisticated real estate investment opportunities to its clients. Agincourt Capital currently offers its investors direct access to investments in Australia, in both commercial and residential real estate, utilising a combination of long term income approach and short term development & redevelopment projects. Working from its offices in Hong Kong, London and Melbourne, and supported by a global network of promoters and advisors Agincourt exclusively serves financial institutions, pension funds and high-net-worth individuals in economies the firm expects will grow above the global average during the next 20 years. These include the economies of China, which is predicted to surpass the U.S. in GDP by 2023, and two of its main trading partners, Australia and Brazil, which supply the raw materials that China needs to grow. See www.agincourtcapital.hk.

About The Conrad Group

The Conrad Group is a global professional-services firm that provides emerging market investment and strategic advisory services. Its seasoned investment and strategic consultants are recognized worldwide for their ability to identify investment and business opportunities in emerging markets, analyze these opportunities with first-world analytics and training, seize the opportunities and deliver maximum value for clients. The Conrad Group’s recommendations consistently outperform local benchmarks and provide the firm’s clients with unmatched returns in emerging markets. The Conrad Group is a strategic advisor to Agincourt Capital in collaboration with MDS Financial Group. More information is available at www.conradgroupinc.com.