Shearman And Sterling

News February 01, 2021

Guangzhou Fineland Real Estate Development Co., Ltd.’s $340 Million Exchange Offer and Concurrent New Money Offering

Shearman & Sterling represented Guotai Junan Securities (Hong Kong) Limited and Haitong International Securities Company Limited as the dealer managers in connection with the exchange offer by Guangzhou Fineland Real Estate Development Co., Ltd. of any and all of its outstanding 13.5% senior notes due 2021 for 13.6% senior notes due 2023. In connection with the exchange offer, the company issued $236.25 million 13.6% senior notes due 2023.

The firm also represented Guotai Junan Securities (Hong Kong) Limited, Haitong International Securities Company Limited, China CITIC Bank International Limited, Morgan Fuel Go Securities Ltd. and Orient Securities (Hong Kong) Limited as the initial purchasers in connection with Guangzhou Fineland Real Estate Development Co., Ltd.’s concurrent new money offering of $103.75 million 13.6% senior notes due 2023.

Founded in 1993, Guangzhou Fineland Real Estate Development Co. Ltd. is headquartered in Guangzhou, China and operates as a real estate development company. The company develops and markets residential areas, office buildings, hotels, restaurants and other related areas.

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