Supporting Nan Fung’s strategic tender offers and concurrent sustainability bonds issuance

Nan Fung International Holdings Limited is the holding company for Nan Fung Group a property-focused conglomerate and one of the largest privately owned groups in Hong Kong by assets. Active in the market since 1965, Nan Fung Group operates across all key stages of development, including acquisition, design, engineering and marketing. 

The new guaranteed sustainability bonds are issued under the Nan Fung Group’s updated Sustainable Finance Framework. The proceeds of the issuance will be used exclusively to finance or refinance eligible new and existing green and/or social projects. The offering attracted strong investor demand, with the peak orderbook exceeding seven times the issue size, demonstrating continued investor confidence in Hong Kong property developers with strong credit fundamentals. 

The A&O Shearman team was led by partner Agnes Tsang, with support from senior associates Gordon Ng and Jiayin Yu, associates Eileen Qu and Michael Leung, and paralegal Jenny Chau.