Shearman & Sterling represented BOCI Asia Limited, China CITIC Bank International Limited, CMB International Capital Limited, Guotai Junan Securities (Hong Kong) Limited, Haitong International Securities Company Limited, J.P. Morgan Securities plc, CCB International Capital Limited, CLSA Limited, Credit Suisse (Hong Kong) Limited, The Hongkong and Shanghai Banking Corporation Limited, Orient Securities (Hong Kong) Limited and UBS AG Hong Kong Branch as joint lead managers in connection with CFLD (Cayman) Investment Limited’s offering of $300 million aggregate principal amount of 6.92% senior notes due 2022.
CFLD (Cayman) Investment Limited is a subsidiary of China Fortune Land Development Co., Ltd., which is principally engaged in the development and construction of industrial parks and the development of urban real estate in China. The company also provides related industrial solution services including park residential supporting services and industry development services.
The firm previously advised on a number of bond offerings by CFLD (Cayman) Investment Limited including the recent offerings of $500 million 6.9% senior notes due 2023, $700 million 8.05% senior due 2025, $350 million 7.125% senior notes due 2022 and $650 million 8.6% senior notes due 2024.
The Shearman & Sterling team included partners Alan Yeung (Hong Kong-Capital Markets) and Patrick Clancy (London-Finance); senior associate Woo Suk Hong (London-Finance); associates Yuanjing Chen (Shanghai-Capital Markets) and Eunjee Chae (London-Tax), international specialist Yiming Chen (Shanghai-Capital Markets); and legal manager Ariel Chou (Hong Kong-Capital Markets).
NOTES TO EDITORS:
About Shearman & Sterling:
With more than 850 lawyers in 24 offices, Shearman & Sterling is a global law firm that partners with corporations, major financial institutions, emerging growth companies, governments and state-owned enterprises to provide the legal and industry insight needed to navigate the challenges of today and achieve their ambitions of tomorrow. Our lawyers come from some 80 countries and speak more than 60 languages.
Samily Kwok, Asia Media
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