Shearman & Sterling LLP

01/27/2021 | Press release | Distributed by Public on 01/26/2021 22:11

Sunac China Holdings Limited’s $1.1 Billion Senior Notes Offering

NewsJan 26, 2021

Sunac China Holdings Limited's $1.1 Billion Senior Notes Offering

Shearman & Sterling represented the initial purchasers including The Hongkong and Shanghai Banking Corporation Limited, Morgan Stanley & Co. International plc, China CITIC Bank International Limited, China Securities (International) Corporate Finance Company, Citigroup Global Markets Limited, Credit Suisse (Hong Kong) Limited and Guotai Junan Securities (Hong Kong) Limited in connection with Sunac China Holdings Limited's offering of $600 million 5.95% senior notes due 2024 and $500 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.

The firm previously advised as underwriters' counsel on a number of bond offerings by Sunac China Holdings Limited including the offerings of $600 million 6.5% senior notes due 2023 and $400 million 7.0% senior notes due 2025.

The team below also included international specialist Yiming Chen (Shanghai-Capital Markets).

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