Shearman & Sterling represented the initial purchasers in connection with Radiance Capital Investments Limited’s offering of $250 million aggregate principal amount of its 11.75% senior notes due 2021, unconditionally and irrevocably guaranteed by Radiance Group Co., Ltd. which engages in the real estate development, property management and property leasing businesses in China.
Guotai Junan Securities (Hong Kong) Limited, Haitong International Securities Company Limited, Standard Chartered Bank, Barclays Bank PLC, ABCI Capital Limited, Huatai Financial Holdings (Hong Kong) Limited, CMBC Securities Company Limited, China International Capital Corporation Hong Kong Securities Limited and BOCOM International Securities Limited acted as initial purchasers of the offering.
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 consultant Danxu Wang (Beijing-Capital Markets).
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