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Norton Rose advised Shun Tak on the establishment of a US$1 billion MTN Program and the initial issuance of US$400 million Notes under the Program

 

International legal practice Norton Rose has advised Shun Tak Holdings Limited on the establishment of a US$1 billion Guaranteed Medium Term Note Program and the initial issuance of US$400 million 5.70% Guaranteed Notes due 2020 under the Program.  Shun Tak was listed on the Hong Kong Stock Exchange in 1973, and is principally engaged in the property, transportation, hospitality and investment businesses in Hong Kong and Macau.

Norton Rose’s appointment by Shun Tak has demonstrated its increasing recognition as a leading adviser in debt capital markets in Asia.

Ji Liu, partner in Hong Kong, commented:

“We are delighted to be part of another successful debt capital market transaction.  This transaction, along with our recent representation of the Republic of Indonesia and Sunac China Holdings Limited in connection with their bond issuances, reinforced our position in debt capital markets in Asia.”

The Norton Rose team was led by capital markets partners Ji Liu and Liza Lee in Hong Kong, with assistance from Allan Yee (senior associate), Vicky Lam (senior associate), Marco Cheng (associate), Olivia Chan (trainee) and Teresa Han (trainee), all based in Hong Kong.

The dealers for the transaction were HSBC and Crédit Agricole.

Norton Rose’s reputation as a leading adviser in debt capital markets in Asia has been growing in strength in recent months. In addition to the Shun Tak transaction, Norton Rose has recently advised the Republic of Indonesia on the establishment of a US$3 billion sukuk issuance program and the initial issuance of US$1 billion of sukuk under the program, as well as Sunac China Holdings Limited, a company listed on the Hong Kong Stock Exchange, on the issuance of its US$400 million New York law governed high yield bonds.

Issued on behalf of Norton Rose Group by Newell Public Relations

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