Zhong Lun Advises on Longfor Properties Co., Ltd.’s Issuance of US$750,000,000 9.5% Senior Notes Due 2016
Zhong Lun Advises on Longfor Properties Co., Ltd.’s Issuance of US$750,000,000 9.5% Senior Notes Due 2016
On March 31, 2011, Longfor Properties Co., Ltd. (HKSE Stock Code: 960) announced that the company and its subsidiary guarantors had entered into a purchase agreement with Citi, HSBC, Morgan Stanley and Standard Chartered Bank, in connection with the issuance of US$750,000,000 9.5% senior notes due 2016 (“Senior Notes").
Longfor Properties Co., Ltd. got listed on the main board of Hong Kong Stock Exchange on November 19, 2009. Its main business covers real estate development, business operation and property management.
Morgan Stanley and Standard Chartered Bank acted as the joint global coordinators, and Citi, HSBC, Morgan Stanley, Standard Chartered Bank acted as the joint bookrunners and joint lead managers.
Zhong Lun Law Firm took the role as the PRC counsel to the joint bookrunners and joint lead managers on the issuance of the Senior Notes. Professionals involved included Anthony Qiao, Ellen Chen, Michael Chen, Lucy Luo, Wendy Peng, Wendy Yan and Sabrina Zou.