Sunac China Holdings’ $1 Billion Senior Notes Offering

Shearman & Sterling represented the initial purchasers in the offering.

Sunac China Holdings Limited executed its offering of $600 million 6.5% senior notes due 2023 and $400 million 7.0% senior notes due 2025.

The initial purchasers in connection with the offering are China CITIC Bank International Limited, China Industrial Securities International Brokerage Limited, Credit Suisse (Hong Kong) Limited, Guotai Junan Securities (Hong Kong) Limited, The Hongkong and Shanghai Banking Corporation Limited, Morgan Stanley & Co. International plc and Nomura International (Hong Kong) Limited.

Headquartered in Tianjin, Sunac China Holdings Limited is principally engaged in the development, management and investing in residential and commercial properties in China.

Shearman & Sterling represented the initial purchasers with a team led by Alan Yeung (Picture), Yuanjing Chen, Yiming Chen and Ariel Chou.

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

Law Firms: Shearman & Sterling;

Clients: China CITIC Bank International; China Industrial Securities International Financial Group Limited; Credit Suisse Hong Kong Limited; Guotai Junan Securities Co., Ltd.; Morgan Stanley; Nomura International plc; The Hongkong and Shanghai Banking Corporation Limited;

Author: Michael Patrini