Ha Noi Thien Y Environmental Energy JSC’s $195 Million Financing Round


King & Wood Mallesons has advised the mandate lead arrangers and lenders. DFDL

Banco Santander, S.A., China Minsheng Banking Corp. Ltd Shenzhen Branch and Standard Chartered Bank acted as Mandated Lead Arrangers and Lenders, and Société General Hong Kong Branch as Lender, on a US$195 million term loan financing to Ha Noi Thien Y Environmental Energy Joint Stock Company, a subsidiary of China Tianying Inc, for the development of a 75 MW Waste-to-Energy plant in Hanoi, Vietnam.

The Hubei Branch of China’s Export & Credit Insurance Corporation (Sinosure) provided buyer’s credit insurance in respect of the financing.

With a processing capacity of 4,000 tons of solid waste per day to help treat litter in many urban districts, the new plant modernises garbage treatment and sustainable development in Hanoi.

The KWM team was led by Banking & Finance partner John Shum (Picture) and Projects, Energy and Resources partner Michael Lawson in Singapore. Beijing partners Lv Yinghao and Liu Zhigang advised on the China legal aspects of the deal and Madrid partner Joaquin Sales advised on the Spanish legal aspects.

Additional assistance was provided by Phong Anh Hoang and Dave Seibert of DFDL in relation to Vietnamese law, Lishi Fong of Harneys for British Virgin Islands law and Thibault Willems of Nauta Dutilh in relation to Belgian law.

Involved fees earner: Phong Anh Hoang – DFDL Legal & Tax Services; Dave Seibert – DFDL Legal & Tax Services; Lishi Fong – Harneys; Michael Lawson – King & Wood Mallesons; Joaquin Sales – King & Wood Mallesons; John Shum – King & Wood Mallesons; Lv Yinghao – King & Wood Mallesons; Liu Zhigang – King & Wood Mallesons; Thibault Willems – NautaDutilh;

Law Firms: DFDL Legal & Tax Services; Harneys; King & Wood Mallesons; NautaDutilh;

Clients: Banco Santander Sa; China Minsheng Banking Corp. Shenzhen Branch; Société General Hong Kong Branch; Standard Chartered Bank;

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Author: Michael Patrini