CRCC’s $660 Million Dual Tranche Notes Offering

Baker McKenzie advised China Railway Construction Corporation Limited on the offering.

China Railway Construction Corporation Limited (CRCC) executed an offering of its dual tranche notes for a combined net value of more than USD 660 million.

The offering consisted of USD 300 million 1.875% guaranteed notes due 2026 and EUR 300 million 0.875% guaranteed notes due 2026. The notes were issued by CRCC Hean Limited, an indirect wholly owned subsidiary of CRCC, and guaranteed by CRCC. Proceeds from the new notes issuance will be used to repay debts due and replenish working capital for overseas construction projects.

The Baker McKenzie team was led by Partner Hang Wang (Picture) and Counsel Bing Han of FenXun Partners (Beijing), with support from Local Principal Xavier Amadei of Baker McKenzie Wong & Leow (Singapore), Special Counsel Rachel Wang (Hong Kong) and Associates Phoebe Wang (Shanghai) and Adriana Chiu (Hong Kong).

Involved fees earner: Xavier Amadei – Baker McKenzie; Han Bing – Baker McKenzie; Adriana Chiu – Baker McKenzie; Wang Hang – Baker McKenzie; Rachel Wang – Baker McKenzie; Phoebe Wang – Baker McKenzie;

Law Firms: Baker McKenzie;

Clients: China Railway Construction Corporation;

Author: Sonia Carcano