COFCO Limited’s Bonds Offering

JunHe advised COFCO on the offering.

COFCO (Hong Kong) Limited, successfully issued $500 million of Senior Notes and $500 million of subordinated perpetual bonds.

The $500 million Senior Note has a maturity of 10 years, a coupon of 2.200%, a yield to maturity of 2.217%, and an issue price of 99.848. The final price is 40 basis points narrower than the initial price guidance; Variety 2: $500 million subordinated perpetual bonds, which cannot be redeemed within the first five years, with coupons of 3.100%, and are issued at parity.

The JunHe team was led by JunHe team was led by Partner Tao Zhang (Picture), Partner Yongqiang Yu, Partner Zhi Li and Partner Tianxiao Lei.

Involved fees earner: Tianxiao Lei – Jun He Law Firm; Zhi Li – Jun He Law Firm; Yongqiang Yu – Jun He Law Firm; Tao Zhang – Jun He Law Firm;

Law Firms: Jun He Law Firm;

Clients: COFCO (Hong Kong) Limited;

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Author: Michael Patrini