Shearman And Sterling

News Oct 13, 2020

CFLD (Cayman) Investment Limited’s Tender Offer and $330 Million Bond Offering

Shearman & Sterling represented China CITIC Bank International, Guotai Junan International, Haitong International and J.P. Morgan as dealer managers in connection with an offer to purchase for cash made by CFLD (Cayman) Investment Limited for its 6.5% guaranteed bonds due 2020, guaranteed by China Fortune Land Development Co., Ltd.

The firm also represented CEB International, China CITIC Bank International, Guotai Junan International, Haitong International, J.P. Morgan, China PA Securities (Hong Kong) Company Limited, CLSA, CMB International, HeungKong Financial, HSBC, Nomura, Orient Securities (Hong Kong) and TF International as joint lead managers in connection with CFLD (Cayman) Investment Limited’s offering of $330 million 8.75% guaranteed bonds due 2022, unconditionally and irrevocably guaranteed by China Fortune Land Development Co., Ltd.

CFLD (Cayman) Investment Limited is a subsidiary of China Fortune Land Development Co., Ltd., which is principally engaged in the development and construction of industrial parks and the development of urban real estate in China. The company also provides related industrial solution services including park residential supporting services and industry development services.

The team below also included international specialist Yiming Chen (Shanghai-Capital Markets). 

The Team