Simmons & Simmons has advised Hsin Chong Construction Group (the “Company”) on a public issuance in the professional investors market of high yield bonds in the amount of US$150 million in January 2016.

Hsin Chong Construction Group is one of the largest construction and property development companies based in Hong Kong.

Simmons & Simmons acted for the Company and more than 40 subsidiary guarantors to complete the transaction.

Simmons & Simmons also acted as the listing agent for the listing of the bonds on the Hong Kong Stock Exchange (“HKSE”).

Simmons & Simmons previously acted for the Company in November 2015 when it issued US dollars convertible bonds in the principal amount of US$100 million.

The Simmons & Simmons team was led by debt capital markets partner Jay Lee in Hong Kong, assisted by Linda Cheng, Christine Zhao, Ruby Lau, Sophie Qu and Macy Chu. In addition, corporate and commercial partner Joseph Lee, and associate Christopher Ma, assisted the team in respect of HKSE listing rules.

Commenting on the transaction, partner Jay Lee, said: "We assisted Hsin Chong Construction Group by providing efficient execution in very tight timeline, seamless legal advice across several different jurisdictions, and encompassing various aspects of the transaction, including regulatory and listing rules. Coming after the Company’s issuing of convertible bonds late last year, this transaction and bond listing demonstrates Simmons & Simmons’ strong debt capital markets, corporate and commercial capabilities."