CFLD (Cayman) Investment’s $330 Million Bond Offering


Shearman & Sterling represented dealer managers and joint lead managers on the deal.

China CITIC Bank International, Guotai Junan International, Haitong International and J.P. Morgan acted 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.

In addition, 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 acted 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.

Shearman & Sterling team included Alan Yeung (Picture), Patrick Clancy, Woo Suk Hong, Yuanjing Chen, and Yiming Chen.

Involved fees earner: Yuanjing Chen – Shearman & Sterling; Patrick Clancy – Shearman & Sterling; Woo Suk Hong – Shearman & Sterling; Alan Yeung – Shearman & Sterling;

Law Firms: Shearman & Sterling;

Clients: CEB International Capital Corporation ; China CITIC Bank International; CLSA; CMB International Capital Limited; Guotai Junan International Holdings Ltd.; Haitong International Capital Limited; HeungKong Securities Ltd; HSBC; J.P. Morgan Securities LLC; Nomura; Orient Securities Company Limited; TF International Securities;

Author: Michael Patrini