Sunac China Holdings Limited’s $400 Million Bond Offering and $100 Million Tap Offering

Shearman & Sterling represented the initial purchasers in the offering.

Sunac China Holdings Limited executed its offering of $400 million 6.8% senior notes due 2024 and tap offering of $100 million 6.5% senior notes due 2026.

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 including HSBC, Morgan Stanley, China CITIC Bank International, China Securities International, Citigroup, Guotai Junan Interntional and Huatai International with a team led by partner Alan Yeung (Hong Kong-Capital Markets; Picture); associate Yuanjing Chen; special associate Cathy Qian; and legal assistant Bixuan Wang (all Shanghai-Capital Markets).

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

Law Firms: Shearman & Sterling;

Clients: China CITIC Bank International; China Securities (International) Finance; Citigroup Inc.; Guotai Junan International Holdings Ltd.; HSBC; Huatai Financial Holdings Limited; Morgan Stanley;

Author: Sonia Carcano