Sidley Leads on $1.5 Billion Evergrande Bond Issue

, The Asian Lawyer


Sidley Austin is advising Chinese property developer Evergrande Real Estate Group Ltd. on two bond issues totaling $1.5 billion.

The Hong Kong Stock Exchange-listed company, which focuses on residential real estate projects, is raising the money in order to refinance existing debt.

Evergrande sold an initial tranche of $1 billion worth of U.S. dollar-denominated bonds in Hong Kong on Oct. 31 and is awaiting permission to list the final $500 million on the stock exchange as well.

Sidley Hong Kong partner Timothy Li is acting for Evergrande on the issuance.

Davis Polk & Wardwell Hong Kong partner William Barron is representing underwriters Goldman Sachs (Asia), J.P. Morgan Securities Plc., Deutsche Bank AG, and China Merchants Securities (HK) Ltd.


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