Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 14-02-2014 | Practice Area: | Debt Capital Markets |
| Deal Title: | China Shipping (Group) Company Enhanced Bonds due 2019 | Industry: | Industrial Transportation |
| Description: |
Leading international law firm Clifford Chance has advised the joint lead managers and bookrunners on the issue of USD500 million 4.25 per cent credit-enhanced bonds due 2019 by China Shipping Overseas Finance 2013 Limited, an indirectly wholly-owned subsidiary of China Shipping (Group) Company. The joint global coordinators, joint lead managers and joint bookrunners include Bank of China, Deutsche Bank, BofA Merrill Lynch, Australia and New Zealand Banking Group Limited, Bank of Communications Co., Ltd., Hong Kong Branch, Barclays Bank PLC, DBS Bank Ltd and ING Bank N.V., Singapore Branch.
The credit enhancement is by way of an irrevocable standby letter of credit issued by Bank of China Limited, Macau Branch. This is the first time that China Shipping, the second largest shipping company by assets in the PRC, has tapped the international US$ bond market.
The Clifford Chance team comprised partner Capital Markets partner Connie Heng and associates Linda Cheng, Mark Chan and Torrance Shi in Hong Kong.
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| Financial Center: | Hong Kong | Value: | 100.01-500.00 |
| Advised Party: | Lead Manager | Law Firm | Clifford Chance |
| Issuer Jurisdiction | China | Listing Jurisdiction | Hong Kong |
| Classification: |
Corporate Bonds Senior Debt |
Lawyer | Connie Heng |
