Freshfields Bruckhaus Deringer has advised Shui On Land, a Hong Kong-listed property developer, on its $500 million issuance of senior perpetual capital securities.

Issued by Shui On Development (Holding) Limited, a wholly-owned subsidiary of Shui On Land, the securities will be traded on the Singapore Exchange.

Hong Kong-based finance partner Andrew Heathcote led the Freshfields team, alongside corporate partner Charles Ching in Beijing.

Linklaters represented the joint lead managers and joint bookrunners of the securities – Deutsche Bank, J.P. Morgan, UBS, and Standard Chartered Bank.

The net proceeds are expected to fund Shui On Land’s expansion plans.

Kanishk Verghese is North Asia journalist at ALB. Follow us on Twitter: @ALB_Magazine.

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