Sidley Austin, Dahui Lawyers and Maples and Calder have advised Xinyuan Real Estate, a real estate developer and property manager primarily operating in China, on the issuance of a $300 million high-yield bond.

Shearman & Sterling and Jingtian & Gongcheng acted as counsel to the underwriters, namely Bank of America Merrill Lynch, Deutsche Bank, Barclays, and CCB International.

The notes are guaranteed and secured by a pledge of the capital stock of certain of Xinyuan's subsidiaries. The NYSE-listed real estate developer aims to use the proceeds from the Notes offering to repay certain existing debts.

The Shearman & Sterling team was led by partner Alan Yeung in Hong Kong.