Agincourt Capital to Launch on July 14 the World’s First Renminbi Secured Convertible, Off-Shore Bond Fund for Australian Real Estate

Agincourt Capital Australian RMB Fund Enables Chinese and Foreign Investors Access to Australia’s Booming Economy, Appreciation of the Yuan and the Chinese Economy

HONG KONG--(BUSINESS WIRE)--Agincourt Capital (AC), a global real estate funds management company, today announced its plans to launch on July 14 the world’s first and only Renminbi (RMB) secured convertible, offshore bond fund for Australian real estate. The Agincourt Capital Australian RMB Fund provides a unique opportunity for Chinese and foreign investors to capture opportunities in Australian real estate via RMB convertible bonds, giving them access to the appreciation of the Yuan and indirect access to the Chinese economy through Australia – one of the world’s most stable, safe-bet economies. AC seeks to raise the equivalent of about 500 million Australian dollars (approximately $529 million) from the five-year bond. The bonds are senior secured convertible debt with a yield of 4% per annum.

“With new opportunities created by RMB bonds, for this first time in history, investors will be able to capitalize on Australia’s booming economy and the appreciating Chinese Yuan. Our team has positioned itself at the convergence of these global phenomena to seize these opportunities.”

“Our investment strategy focuses on providing maximum return at minimum risk, tax effectiveness, and transparent, independent funds administration, and we take pride in offering superior investment services by applying our in-depth knowledge of the Australian residential and commercial property markets,” said AC’s CEO Craig Turnbull, who is noted in global real estate circles for his 25 years of successful experience in Australia’s real estate and financial services industries. “Our firm is already receiving significant interest from international investors looking for smart, safe-play investment opportunities within mature economies providing predictable growth.”

Turnbull cited the fund’s many benefits, including its targeted net IRR of 10-20%+ and investment strategy designed to maximize returns while minimizing risks. The fund manager and team members have more than $250 million of Australian real estate experience as principals, investors, fund managers and real estate advisers. In addition, Turnbull added, the fund boasts strong fund governance, a low withholding tax rate and fair and equitable management Fees. Deutsche Bank has been appointed bond trustee and escrow agent. Cushman & Wakefield and DTZ are the preferred real estate services providers.

“Agincourt Capital recognizes that Chinese and other international investors are seeking safe-haven real estate investments while looking to hedge foreign exchange fluctuations, and they also know that Australia is experiencing steady stable growth parallel to that of China,” said William Nobrega, managing partner of The Conrad Group, an independent adviser to AC. “With new opportunities created by RMB bonds, for this first time in history, investors will be able to capitalize on Australia’s booming economy and the appreciating Chinese Yuan. Our team has positioned itself at the convergence of these global phenomena to seize these opportunities.”

AC’s Australian RMB Fund offers investors direct access to investments in Australia, in both commercial and residential real estate, with a unique combination of a long-term income approach and short-term development and redevelopment projects. Working from its offices in Hong Kong, London and Melbourne, AC will exclusively serve financial institutions, pension funds and high-net-worth individuals in economies the firm expects will grow beyond 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.

About Agincourt Capital

Agincourt Capital (AC) is a global real estate funds management company dedicated to providing sophisticated real estate investment opportunities for its clients. AC is differentiated by its unique investment approach that fuses residential and commercial real estate investments with short- and long-term investment projects. The firm exclusively serves financial institutions, pension funds and high-net-worth individuals in economies the firm expects will grow beyond the global average during the next two decades, including China, Australia and Brazil. AC has offices in Hong Kong, London and Melbourne and a global team of professionals with a distinguished track record of success in real estate, finance and general business. More information is available at www.agincourtcapital.hk.

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