DaFa Properties Group Limited’s $100 Million Notes Offering

Shearman & Sterling represented the initial purchasers.

DaFa Properties Group Limited offered US$100 million 9.95% senior notes due 2022 to be consolidated and form a single series with the US$180,000,000 9.95% Senior Notes due 2022 issued on January 19, 2021. 

Guotai Junan Securities (Hong Kong) Limited and China Galaxy International Securities (Hong Kong) Co., Ltd. acted as the initial purchasers. 

DaFa Properties Group Limited is headquartered in Shanghai, China and operates as a real estate developer. The company develops and sells residential properties, office floors and commercial complexes, and offers property management and leasing services in China.

The Shearman & Sterling team was led by partner Alan Yeung (Picture, Hong Kong-Capital Markets); associate Yuanjing Chen; and special associate Cathy Qian (both Shanghai-Capital Markets).

 

Involved fees earner: Yuanjing Chen – Shearman & Sterling; Alan Yeung – Shearman & Sterling;

Law Firms: Shearman & Sterling;

Clients: China Galaxy International; Guotai Junan Securities Co., Ltd.;

Author: Sonia Carcano