Shearman & Sterling represented China CITIC Bank International, Guotai Junan International, Haitong International and J.P. Morgan as dealer managers in connection with an offer to purchase for cash made by CFLD (Cayman) Investment Limited for its 6.5% guaranteed bonds due 2020, guaranteed by China Fortune Land Development Co., Ltd.
The firm also represented CEB International, China CITIC Bank International, Guotai Junan International, Haitong International, J.P. Morgan, China PA Securities (Hong Kong) Company Limited, CLSA, CMB International, HeungKong Financial, HSBC, Nomura, Orient Securities (Hong Kong) and TF International as joint lead managers in connection with CFLD (Cayman) Investment Limited’s offering of $330 million 8.75% guaranteed bonds due 2022, unconditionally and irrevocably guaranteed by China Fortune Land Development Co., Ltd.
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 Shearman & Sterling team was led by partners Alan Yeung (Hong Kong-Capital Markets) and Patrick Clancy (London-Derivatives & Structured Products); senior associate Woo Suk Hong (London-Finance); associate Yuanjng Chen; and international specialist Yiming Chen (both Shanghai-Capital Markets).
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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.
https://www.shearman.com/
Contact:
Samily Kwok | Asia Media
T: +852 2978 8020