Global law firm White & Case LLP has advised leading Chinese residential property developer Greentown China Holdings Limited (Greentown China) on its global Regulation S offering of US$450 million 5.25 percent senior perpetual capital securities.
Credit Suisse, HSBC, Deutsche Bank, Citi and CCB International acted as joint global coordinators on the offering. White & Case has advised Greentown on all its debt capital markets and bank financings and liability management transactions since 2009.
Beijing-based White & Case partner David Li, who co-led the Firm's deal team, said: "We advised Greentown, a long-standing client of the Firm, on this transaction and look forward to continuing to support Greentown on its future strategic growth."
Singapore-based White & Case partner Kaya Proudian, who co-led the team, said: "This transaction demonstrates our strong, multi-office capability in the Asia-Pacific region to efficiently execute complex and time-sensitive capital markets financings."
Simon Fung, Chief Financial Officer at Greentown China, said: "We are very pleased with the success of this issuance, which received overwhelming investor interest. White & Case was instrumental in getting this important transaction done within a tight timetable and we look forward to the continued growth of our strategic partnership in the future."
The White & Case team which advised on the transaction was co-led by partners David Li (Beijing) and Kaya Proudian (Singapore) and included associates June Chun (Beijing) and Christina Lui (Singapore).
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