Shearman And Sterling

News Aug 04, 2020

Sunac China Holdings Limited’s $500 Million Senior Notes Offering

Shearman & Sterling represented the initial purchasers including Morgan Stanley & Co. International plc, China CITIC Bank International Limited, China Industrial Securities International Brokerage Limited, CMB International Capital Limited, Credit Suisse (Hong Kong) Limited, Guotai Junan Securities (Hong Kong) Limited and The Hongkong and Shanghai Banking Corporation Limited in connection with Sunac China Holdings Limited’s offering of $500 million 6.65% senior notes due 2024.

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 $600 million 6.5% senior notes due 2023 and $400 million 7.0% senior notes due 2025.

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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