King & Wood Mallesons (KWM) advised Huzhou Communications Investment Group Co., Ltd. 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 advised Huzhou Communications Investment Group Co., Ltd. with a team including Anthony Wan (Picture) and Michael Lu, Cynthia Tan, Candy Tse, Alice Leung, Kevin Tian and Hans Lin.
Law Firms: King & Wood Mallesons;