China Shanshui Cement Group $500 million high-yield bond issue

Overview:

• China Shanshui Cement Group has issued a $500 million high yield bond.
• The bonds will be used to refinance existing debt.
• China Shanshui Cement Group is active in three different regions in China and at the time of the issue had a market capitalisation of $1.9 billion.
• BOCI Asia; Credit Suisse Securities; Morgan Stanley were underwriters on the deal.
• Commerce & Finance Law Offices, Latham & Watkins, Norton Rose Fulbright and Maples and Calder acted for the issuer.
• Jingtian & Gongcheng and Shearman & Sterling acted for the underwriters.
• Mayer Brown JSM acted for the trustee.