Shearman And Sterling

News Jul 09, 2020

Sunac China Holdings Limited’s $1 Billion Senior Notes Offering

Shearman & Sterling represented the initial purchasers including China CITIC Bank International Limited, China Industrial Securities International Brokerage Limited, Credit Suisse (Hong Kong) Limited, Guotai Junan Securities (Hong Kong) Limited, The Hongkong and Shanghai Banking Corporation Limited, Morgan Stanley & Co. International plc and Nomura International (Hong Kong) Limited in connection with Sunac China Holdings Limited’s offering of $600 million 6.5% senior notes due 2023 and $400 million 7.0% senior notes due 2025. 

Headquartered in Tianjin, Sunac China Holdings Limited is principally engaged in the development, management and investing in residential and commercial properties in China.

The firm previously advised as underwriters’ counsel on a number of bond offerings by Sunac China Holdings Limited including the recent offerings of $750 million aggregate principal amount of 7.95% senior notes due 2023 and $800 million aggregate principal amount of 7.875% senior notes due 2022.

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

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