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Paul Hastings Represents China SCE in US$150 Million Senior Notes Offering

January 29, 2013

Hong Kong (January 29, 2013) - 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, in its issuance of additional senior notes (Additional Notes) in the aggregate principal amount of US$150 million. China SCE is a leading property developer based in Chinas Fujian province.

The Additional Notes will be consolidated and form a single class with the US$200 million senior notes due 2017 issued by China SCE on November 14, 2012. The net proceeds are expected to be used to finance new and existing projects (including construction costs and land costs) and for general corporate purposes.

Deutsche Bank, HSBC and ICBC International were the joint lead managers, joint bookrunners and the initial purchasers in respect of the offer and sale of the Additional Notes.

Paul Hastings has advised China SCE on a number of equity and debt-related transactions over the past few years including on its issuance of senior notes in the aggregate principal amount of US$200 million in late 2012, its landmark RMB2 billion synthetic offshore renminbi bond in January 2011, and its US$200 million Hong Kong IPO and global offering in February 2010.

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, Dane Johansen and Jordan Baggs.



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.