Paul Hastings Advises on Three Bond Deals with Combined Value of US$1.2 Billion

August 15, 2019

Hong Kong – Paul Hastings, a leading global law firm, announced today that it has acted in connection with three recent debt capital markets transactions.

The firm represented Yuzhou Properties Company Limited, a leading PRC property developer listed on the Hong Kong Stock Exchange, on two transactions involving issuances of senior notes:

US$200 million of 5.50% senior notes due 2020. Credit Suisse acted as the sole global coordinator, sole bookrunner, and sole lead manager
Further issuance of US$400 million of 6.00% senior notes due 2023. BOC International, HSBC, J.P. Morgan and Yuzhou Financial are the joint global coordinators and BOC International, HSBC, J.P. Morgan, Barclays, Guotai Junan International, Haitong International, and Yuzhou Financial are the joint bookrunners and joint lead managers

In addition, the firm represented Sino-Ocean Group Holding Limited, one of the largest real estate companies in China, as the guarantor in relation to the issuance by its wholly-owned subsidiary, Sino-Ocean Land Treasure IV Limited, of US$600 million in 4.75% guaranteed notes due 2029. HSBC, Goldman Sachs (Asia) L.L.C., China CITIC Bank International, UBS, China International Capital Corporation, BOC International, Barclays, DBS Bank Ltd., and Haitong International acted as the joint lead managers.

The Paul Hastings team was led by Corporate partner Vivian Lam, with support from of counsel May Lun and associate Jeff Lee.

At Paul Hastings, our purpose is clear—to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.