International law firm Freshfields Bruckhaus Deringer has advised Hong Kong-listed leading property developer, Shui On Land Limited, on its issuance of US$500 million senior perpetual capital securities with an annual distribution rate of 10.125 percent.
The securities are issued by the company’s wholly-owned subsidiary Shui On Development (Holding) Limited and will be used to supplement funding of the Shui On Land group’s expansion and growth plans. The securities will be traded on the Singapore Exchange.
The Freshfields team was led by finance partner Andrew Heathcote and corporate partner Charles Ching. They were supported by associates Julia Zhu and Shuekai Liang.
