Shimao Property Holdings Limited’s $1 Billion High-Yield Notes Offering

Sidley assisted Shimao Property Holdings Limited (HKEX: 813) in its offering of US$1 billion 6.125% senior notes due 2024, including high-yield covenants and pursuant to Regulation S.

The bond offering is the largest high-yield senior notes offering launched and priced after the Chinese New Year.

Shimao Property Holdings Limited is a large real estate firm that develops large-scale, high-quality, integrated real estate projects, focusing on cities with high, dynamic economic growth potential in China. It also focuses on the development of residential, hotel, office and commercial properties.

The Sidley team was led by partners Matt Sheridan (Picture) and Renee Xiong. Other key members of the Sidley team included foreign legal consultant Oliver Zhong, associate Madison Meng and legal manager Nina Yu.

Involved fees earner: Madison Meng – Sidley Austin LLP; Matthew Sheridan – Sidley Austin LLP; Renee Xiong – Sidley Austin LLP; Oliver Zhong – Sidley Austin LLP;

Law Firms: Sidley Austin LLP;

Clients: Shimao Property Holdings Limited;