Shearman & Sterling represented HSBC as the sole dealer manager in connection with an offer to purchase for cash by Jiayuan International Group Limited for its outstanding 13.75% senior notes due 2022.
The firm also represented HSBC, BOCOM International, CCB International, Valuable Capital Limited, Guotai Junan International, CMB International, CMBC Capital, Vision Capital International Holdings Limited, TF International, Harmonia Capital Limited, Zhongrong PT Securities Limited, Seazen Resources and GF Securities as the initial purchasers in connection with Jiayuan International Group Limited’s offering of $300 million 12.5% senior notes due 2023.
Jiayuan International Group Limited is a property developer of large-scale residential and integrated commercial complex projects mainly in Jiangsu Province, China.
The Shearman & Sterling team was led by partner Alan Yeung (Hong Kong-Capital Markets); associate Yuanjing Chen and international specialist Yiming Chen (both Shanghai-Capital Markets); and legal assistant Hayley Law (Hong Kong-Capital Markets).
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