Norton Rose has recently brokered real estate developer Sunac China Holdings Limited’s $400 million senior notes offering due 2017 listed on the Singapore Exchange.
Hong Kong-listed Sunac China is an integrated residential and commercial property developer with a focus on high-end property in selected cities in China. The high-yield notes were offered under Regulation S, and are governed by New York laws.
The joint bookrunners and joint lead managers for the transaction were Deutsche Bank, BofA Merrill Lynch, Citigroup, Morgan Stanley, and UBS.
The transaction was handled by a Norton Rose team consisting of lawyers across Hong Kong and Singapore, with capital markets partner Ji Liu and his team in Hong Kong taking the lead. Other Hong Kong-based partners Liza Lee and Peter Haslam were also involved.
“We are delighted to be part of another successful transaction. This transaction, along with the landmark international sukuk issuance of $1 billion by Republic of Indonesia on which we advised in late 2011, reinforced our position in debt capital markets. We are proud to be able to show, once again, our capability and expertise in running large scale debt capital markets transactions from Asia,” said Liu in a statement.
“We are proud to have advised Sunac China in both its IPO fund raising in the Hong Kong Stock Exchange in late 2010 as well as this high yield notes transaction. This demonstrates our capability and strength in both equity capital markets and debt capital markets transactions,” added Lee.
Liu Zhen is China senior journalist at ALB. Follow us on Twitter: @ALB_Magazine.
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