13 July 2021
Skadden advised Xiaomi Corporation, a global technology company, in the approximately US$1.2 billion debt offering by a subsidiary of Xiaomi in two tranches on the Hong Kong Stock Exchange. Xiaomi will issue US$400 million aggregate principal amount of 4.10% senior green bonds due 2051 and US$800 million aggregate principal amount of 2.875% senior bonds due 2031. Trading will commence on July 14, 2021.
The team was led by corporate partners Julie Gao, Edward Lam and Paloma Wang, with counsel Anthony Pang, Asia Pacific counsel Vincent Sze, associates Ming Kong and Allan Wan, and trainee solicitor Jonathan Lu. All attorneys are based in Hong Kong.
Skadden also advised Xiaomi on its US$3.9 billion top-up placement and convertible bond issuance on the Hong Kong Stock Exchange in December 2020. That was the largest top-up placement ever offered on the Hong Kong Stock Exchange.
For further information, please contact:
Grace Lord, Marketing & Communications Specialist, Skadden
grace.lord@skadden.com
