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Paul Hastings Represents China SCE on US$200 Million Senior Notes Offering

November 15, 2012

Hong Kong (November 15, 2012) - Paul Hastings, a leading global law firm, announced today that it represented China SCE Property Holdings Limited (China SCE), a company listed on the Hong Kong Stock Exchange, on its issuance of senior notes in the aggregate principal amount of US$200 million. China SCE is a leading property developer based in Chinas Fujian province.

The notes will mature in 2017 and the net proceeds of the issue are expected to be used to finance new and existing projects (including construction costs and land costs) and for general corporate purposes.

Deutsche Bank and HSBC were the joint lead managers and joint bookrunners in respect of the offer and sale of the Notes.

Paul Hastings has advised China SCE on a number of equity and debt-related transactions over the past few years including its US$200 million Hong Kong IPO and global offering in February 2010, and its landmark RMB2 billion synthetic offshore renminbi bond in January 2011. The bond was significant as it was denominated in renminbi, yet settlement was in US dollars.

The Paul Hastings team was led by Raymond Li, partner and Chair of Greater China, and capital markets partners Vivian Lam and David Grimm, with support from associates Celia Chau and Dane Johansen.



Paul Hastings is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.