11 December, 2018
King & Wood Mallesons (KWM) advised Huzhou Communications Investment Group Co., Ltd. (Huzhou Communications) as its English law counsel on the issuance of CNY 500 million 5.9% notes due 2021.
This marks the first-ever dim sum bond offering by a PRC issuer at the municipal level. It is also the first overseas investment grade bond issuance by a municipal-level state-owned company that is involved in the communication investment business.
Guosen Securities (HK) Brokerage Company, Limited, ABCI Capital Limited, CCB International Capital Limited, Industrial Bank Co., Ltd. Hong Kong Branch and Silk Road International Capital Limited were joint global coordinators, joint lead managers and joint book runners for the bond issuance.
Huzhou Communications is wholly-owned by the State-owned Assets Supervision and Administration Commission of Huzhou City of the Zhejiang Province in the PRC. As one of the major state-owned assets operation and management platforms and entities for investment, construction, operation and management of the communication industry in Huzhou City, Huzhou Communications is principally engaged in the toll road business, the commodity trading business, and the construction of communication infrastructure service business.
The KWM Hong Kong team was led by partners Anthony Wan and Michael Lu, with support from counsel Cynthia Tan, senior associate Candy Tse, associate Alice Leung, as well as legal managers Kevin Tian and Hans Lin.
金杜律师事务所助力湖州市交通投资集团完成5亿人民币点心债券发行
金杜律师事务所(简称“金杜”)助力湖州市交通投資集團有限公司(简称“湖州交投”)完成于2021年到期5亿人民币5.9% 的债券发行。
此次是全国首单地市级的点心债券发行,同时也是首单获得投资级评级的地市级交投公司的海外债。
国信证券(香港)经纪有限公司、农银国际融资有限公司、建银国际金融有限公司、兴业银行股份有限公司香港分行及中国丝路国际资本有限公司为此次发行的联席全球协调人、联席牵头经办人和联席账簿管理人。
湖州交投是由中国浙江省湖州市国务院国有资产监督管理委员会直接全资持股。湖州交投为湖州市交通业界在投资、建设、经营和管理领域的主要国有资产经营管理平台和实体之一,主要致力于收费公路业务、大宗商品交易业务及交通基础设施建设服务业务。
金杜香港团队主办合伙人为尹智伟和鲁鸣,项目团队包括顾问律师陈妍玏、资深律师谢洁慧、梁雅珊律师及法律经理田珅和林云汉。