Shearman And Sterling

News July 31, 2020

DaFa Properties Group Limited’s $150 Million Senior Notes Offering

Shearman & Sterling represented The Hongkong and Shanghai Banking Corporation Limited, Credit Suisse (Hong Kong) Limited, Guotai Junan Securities (Hong Kong) Limited, UBS AG Hong Kong Branch, CMB International Capital Limited, Deutsche Bank AG, Hong Kong Branch and Haitong International Securities Company Limited as initial purchasers in connection with DaFa Properties Group Limited’s offering of $150 million aggregate principal amount of 12.375% senior notes due 2022.

Established in 1996, DaFa Properties Group Limited is headquartered in Shanghai, China and operates as a real estate developer. The company develops and sells residential properties, office floors and commercial complexes, and offers property management and leasing services in China. 

The firm previously advised on a number of bond offerings by DaFa Properties Group Limited including the recent offerings of $200 million 11.5% senior notes due 2021, $180 million 12.875% senior notes due 2021 and the tap offering of $120 million 12.875% senior notes due 2021.

The team below also included international specialist Yiming Chen (Shanghai-Capital Markets) and legal manager Ariel Chou (Hong Kong-Capital Markets). 

The Team


Regional Experience