Issuances

0
56
CBLJ-2021-July-August-Issuances

Jingtian & Gongcheng advised Shenzhen-listed BOE Technology, a Chinese electronic components producer, on its RMB20.3 billion private placement.

Skadden, Jingtian & Gongcheng, and Maples Group advised Xiaomi Corporation on its combined USD1.2 billion debt offering in two tranches on the HKEX: USD400 million 4.10% senior green bonds due 2051; and USD800 million 2.875% senior bonds due 2031. Linklaters and JunHe acted for the initial purchasers.

Morgan Lewis, Carey Olsen, and Jingtian & Gongcheng advised West China Cement on its issuance of USD600 million 4.95% senior notes due 2026 on the HKEX. Milbank and Grandall Law Firm acted for the initial purchasers.

Zhong Lun Law Firm assisted in the issuance of CICC-Hopson-Beijing Chaoyang Hopson One Asset-backed Special Scheme, with a scale of RMB8 billion, the largest to date for a commercial mortgage-backed securities (CMBS) product backed by a single-purpose shopping centre. The scheme is a renewal product as the underlying assets were the basis of a previous issuance of Great Wall Securities-Beijing Hopson One Asset-backed Special Scheme in June 2018, with a scale of RMB 5.6 billion, which was the largest CMBS product in the market in the first half of that year.

Sidley Austin, JunZeJun Law Offices and Ogier advised CSSC (Hong Kong) Shipping, the subsidiary of state-owned conglomerate China State Shipbuilding Corporation, on its USD500 million, 2.1% guaranteed bonds offering due 2026, while King & Wood Mallesons and Global Law Offices acted for the joint lead managers. This is the first green and blue dual-certified US bonds issue by a Chinese company in greater China.

Freshfields, DeHeng and Maples Group advised BOCOM International on the issuance of USD500 million of 1.75% guaranteed notes due 2026 under its medium-term note programme on the HKEX, with Allen & Overy and JunHe acting for the trustee, the arrangers and the dealers. The offering marks BOCOM International’s debut on the overseas bond capital market, and was oversubscribed nearly nine times.

Jingtian & Gongcheng assisted Nanjing Metro Group in its issuance of accumulated RMB5.3 billion of two tranches of corporate bonds, each with a three-year maturity on the SHSE. The group was permitted in January to register less than RMB7 billion in total for a term of 10 years.

Jia Yuan Law Offices advised Junshi Biosciences on its HKD2.56 billion placement on the HKEX, with Commerce & Finance Law Offices acting for the sole placing agent.

Global Law Office and Jorge Neto Valente advised Luso International Banking’s issuance of RMB1.5 billion in 3.28% panda bonds with a three-year maturity, making it the first Macau-based issuer to sell renminbi-denominated bonds in China’s interbank market. Fangda Partners acted for the underwriters.