Beijing real estate firm in perpetual capital securities issue
June 01, 2011 | BY
clpstaff &clp articlesSino-Ocean Land Holdings, a significant real estate company based in Beijing, has raised US$400 million from its perpetual subordinated capital securities…
Sino-Ocean Land Holdings, a significant real estate company based in Beijing, has raised US$400 million from its perpetual subordinated capital securities issue. This is the first perpetual capital securities issue by a Chinese property company.
The joint lead managers of the transaction were Goldman Sachs, BOC International and HSBC.
The issuer was advised by a Hong Kong Paul Hastings Janofsky & Walker team led by Vivian Lam and Neil Torpey, and by Kejie Law Office as to PRC law. Linklaters and Jingtian & Gongcheng represented the underwriters.
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